2026 global smart street lamp annual revenue will reach 1.7 billion US dollars

It is reported that the annual revenue of global smart street lamps will increase to 1.7 billion US dollars in 2026. However, only 20% of the LED street lights integrated with the lighting control system are the real "smart" street lights. According to ABI Research data, this imbalance will gradually adjust in 2026, and the central management system will be connected to all new installations of more than two-thirds of LED street lights.

Adarsh ??Krishnan, principal analyst at ABI Research, said: "Intelligent streetlight suppliers, including Telenasa, Telematics Wireless, DimOnOff, Itron and Signify, have benefited the most from cost-optimized products, market expertise and aggressive business practices. However, by hosting wireless connectivity infrastructure, environmental sensors, and even smart cameras to take full advantage of the smart streetlight pole infrastructure, smart city providers can have more business opportunities. The challenge is to find a viable business model that encourages big efficiently deploy multi-sensor solutions."

The most commonly used smart streetlight applications (in order of priority) include: remotely scheduling dimming profiles based on seasonal changes, time changes or special social activities; metering individual streetlights to achieve accurate usage billing; asset management to improve maintenance plan; sensor-based adaptive lighting, etc.

From a regional perspective, street lighting deployment is unique in terms of suppliers and technical methods as well as end market requirements. In 2018, North America has been the leader in smart street lighting, accounting for 31% of the global installed base, followed by Europe and Asia Pacific; in Europe, non-cellular LPWA network technology currently dominates the main 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 intelligent street lamp installation base, accounting for more than one-third of global installations. This growth is attributed to the Chinese and Indian markets, as both markets not only have ambitious LED streetlight retrofits, but are also building local LED component manufacturing facilities to reduce bulb costs.