LED and smart street lighting projects have always represented enormous efficiency opportunities for cities, with savings typically reaching over 65%, said Chris Testa, research director at Northeast Group. Precipitous price declines have now bottomed out so the time is ripe to make these investments. Cities and utilities are also beginning to realize the new revenue opportunities that are possible. Additional smart city infrastructure can be added to the world's more than 300 million streetlights, with cities monetizing attachment rights to telecom operators and also creating revenue potential through emerging urban data marketplaces.
Research for the study included a bottom up analysis to size the streetlight market for each of the 125 countries covered and determine the status of LED conversions and smart streetlight deployments. A key finding was that there are now over 11 million connected streetlights globally, with projects developing in all regions of the world. Smart streetlights have developed alongside LED conversions, which are now the standard in much of the world. These connected streetlights will form the backbone for larger smart city programs, as cities look to add smart parking, environmental sensors, electric vehicle charging infrastructure, traffic monitoring, and other applications producing new urban data streams.
Hundreds of vendors are active in this market, including new entrants looking to take advantage of smart city opportunities. Northeast Group's authoritative market share data includes vendors such as Acuity, AEC, C2 Smart Light, Cimcon, Citylone, Datek, DimOnOff, Flashnet (Engie), Itron, LED Roadway, Novalume, Rongwen, SELC, Signify, Smartmation, Telematics Wireless, Telensa, TVILight, Ubicquia, Wellness Telecom, and other key players.
For further information on the study, please visit www.northeast-group.com