Annual global street lighting revenue will reach $ 1.7 billion by 2026

It is reported that in 2026, the annual global smart street lamp revenue will increase to 1.7 billion US dollars. However, only 20% of the LED street lights with integrated lighting control systems are truly “smart” street lights. According to ABI Research data, this imbalance will gradually be adjusted in 2026, and the central management system will be connected to more than two-thirds of all newly installed LED street lights.

Annual global street lighting revenue will reach $ 1.7 billion by 2026

Adar Research Chief Analyst Adarsh Krishnan said, “Smart street light vendors, including Telensa, Telematics Wireless, DimOnOff, Itron, and Signify, benefit most from cost-optimized products, market expertise, and proactive business methods. However, By hosting wireless connection infrastructure, environmental sensors, and even smart cameras to take full advantage of smart street light pole infrastructure, smart city suppliers can have more business opportunities. The challenge is to find a feasible business model to encourage large Deploy multi-sensor solutions economically at scale. ”

The most commonly used smart street light applications (in order of priority) include: remotely scheduling dimming profiles based on seasonal changes, time changes, or special social events; metering individual street light energy consumption to achieve accurate usage billing; asset management to improve Maintenance plans; sensor-based adaptive lighting, etc.

From a regional perspective, the deployment of street lighting is unique in terms of supplier and technical methods and end-market requirements. In 2018, North America has been a leader in smart street lighting, accounting for 31% of the global installation base, followed by Europe and the Asia-Pacific region; in Europe, non-cellular LPWA network technology currently occupies a major share of smart street lights, but cellular LPWA networks Technology will soon grab some market share, especially in the second quarter of 2020, there will be more NB-IoT terminal commercial equipment.

By 2026, the Asia-Pacific region will become the world’s largest smart street light installation base, accounting for more than one-third of global installations. This growth is due to the Chinese and Indian markets, which not only have ambitious LED street light retrofit plans but are also building local LED component manufacturing facilities to reduce bulb costs.