Global LED Smart Street Lighting Market Poised to be Valued at nearly US$ 4,300 Mn by 2026 end
An
insightful study, titled “Global Market Study on Smart Street Lighting: LED Anticipated to be the Most Lucrative
Type During 2017 – 2026” has been freshly
broadcasted to the vast research repository of Market Research Reports Search
Engine (MRRSE). This 168 page research study provides detailed comprehensions
and forecasts future growth of the global market with an in-depth study of the
factors impacting revenue growth throughout the mentioned forecast period.
Further, a deep analysis on the major players from diverse regions is also
present in the report.
The main design feature in the smart street
lighting is the feature of energy efficiency. Complete smart street lighting
systems consists usually of light emitting diode lamps, control units and
sensors that are set up in each of the lamp poles or a designated cluster of
lamp poles, means of communication and a central application system. Such type
of apparatuses are connected by means of a consistent and protected wireless or
wired network that can enable two way communication for control and monitoring
operations. Smart street lighting systems are able to detect maintenance and
lighting failure problems in real time and this enables faults to be corrected
in a time bound manner and thereby ensure higher quality of services. This also
eliminates the necessity of regular maintenance related checkups. In addition,
smart street lighting systems are able to transmit information to a centralized
management system that monitors the various parameters such as voltage, light, current,
temperature, etc. Such kind of two-way communication enables continuous
monitoring of the street lights. Another important advantage of smart street
lighting systems is that they are environment friendly and reduce the emission
of greenhouse gases.
Market
Research Reports Search Engine has prepared a comprehensive report on the global
smart street lighting market that covers each and every aspect of this
market. The report also studies the market performance in detail across several
regional markets. The report on the global smart street lighting market
contains a historical analysis of the market for a time period of four years
starting from the year 2012 and ending in the year 2026. Also, the market
numbers in the global smart street lighting market have been projected for a
time span of nine years starting from the year 2017 and ending in the year
2026. As per the data provided by Market Research Reports Search Engine, the
global smart street lighting market is projected to display a robust CAGR. As
per the report, the global smart street lighting market was estimated to be
valued at nearly US$ 1,000 Mn in the year 2017 and is poised to be valued at
nearly US$ 4,300 Mn by the end of the year 2026.
The LED sub-segment in the type category of
the global smart street lighting market is anticipated to exhibit a robust CAGR
of 21.3% during the period of assessment. The LED sub-segment is the most
lucrative by value in the type category and was estimated to be valued at
nearly US$ 500 Mn at the end of the year 2017; this segment is poised to reach
a value of nearly US$ 2,700 Mn by 2026.
The CFL sub-segment is the second largest in
terms of revenue in the type category, and is expected to exhibit a CAGR of
12.3% during the period of assessment. The CFL sub-segment in the global smart
street lighting market was estimated to be valued at nearly US$ 400 Mn in 2017
and is poised to reach a market valuation of nearly US$ 1,050 Mn by the end of
the period of assessment in 2026
The report includes a distinct section
devoted to study the level of competition in the global smart street lighting
market. Some of the top companies that have been featured in this competition
landscape section include Hubbell Lighting, Inc., GE Lighting, LLC, OSRAM Licht
AG, Royal Philips NV, Acuity Brands Lighting, Inc., Eaton Corporation,
Schneider Electric S.E, Honeywell International, Lutron Electronics and CREE,
INC.
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