Navigant Research, a new report, the market value of the global smart street market in 2017 will reach $ 610 million and grow to $ 6.9 billion in 2026. Market share is expected to grow from 2% in 2017 to about 20% in 2026.
“Smart city smart street lighting” report concluded that LED lighting has now become the world’s most traditional street lighting standards of the city’s alternatives, intelligent control began to become more and more widely and gradually with LED lighting deployment.
Many cities around the world are likely to replace existing street lamps with new and more efficient lighting in the longer term, not just to meet energy efficiency standards or economically viable. LED lighting is clearly the most sensible choice, but the new Navigant reported that intelligent control is currently only 20% of the 2017 street lamp installation base, and has not been fully utilized.
According to the report, this situation may change, intelligent street lamp installation base is expected to grow from the current 6.3 million to 2026 staggering 73 million.
“With LED becoming a street lighting upgrade technology, the next frontier of intelligent street lighting networks is to rapidly increase the deployment of control technology and transform it into an innovative platform for smart cities,” said Ryan Citron, an analyst at Navigant Research. “Sensors and Other technologies are being added to the intelligent street lighting network to provide a large number of new city services, including gunfire detection, air quality monitoring, electric vehicle charging, traffic management and intelligent parking.
Obviously, the current intelligent street lights behind the driving force of many factors. LED lighting is widely accepted due to significant cost reduction and improved lighting quality. The LED can now provide the necessary yellow light for the street light. A year ago, Cree introduced the new RSW LED street lighting system, which is the first of a new generation of lighting, not only to improve energy efficiency, but also provides the most needed temperature of the street light temperature.
“Cree is committed to providing a better lighting experience by continuing to develop the true potential of LED technology,” said Norbert Hiller, executive vice president of Cree Lighting. “The RS RS Series ensures that residents no longer need to face the dazzling street lights at night, saving The city ‘s energy, while reducing the residents of the street lighting complaints.
The Navigant report explains that installing intelligent control systems while deploying new LED lighting is the cheapest way to explain why intelligent control is still lagging behind. Intelligent street lights may be an important tool for cities to adapt to future energy efficiency requirements, but there are still some obstacles. Navigant Research stressed these concerns: “Mitigating citizens’ concerns about surveillance and privacy intrusions, there are still legacy street lamp ownership models, the complexity of application projects and the need to increase upfront capital, which are faced by smart street markets challenge.”
Navigant predicts that by 2026 Europe will have the largest smart street light installation base, followed by Asia Pacific and North America.