The current imbalance of ecosystem
has transformed the traditional way of doing business. The companies are
adopting ‘greener’ strategies to support the sustainable development
globally. Moreover, the public and private sectors are joining forces to
encourage the adoption of smart cities worldwide. Lighting is one of
the major prospects in rapidly evolving smart technologies. The ideal
smart lights consists of solar panels, lightings, batteries, and network
devices for communication. The connected street light market is highly
influenced by the growing concerns for greener environment. The smart
lighting is considered to be one of the most efficient technology
contributing for energy conservation.
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The lighting industry is undergoing
radical transformation fueled by increasing demand for sustainable &
energy-efficient solutions, development of LED lighting, and rapid
improvisation in semiconductor technology. LED is considered to be the
most feasible alternative compared to its counterparts owing to its
ability to consume lesser energy and having longer lifespan. Moreover,
LED lights are expected to remain in adoption for a longer duration of
time as there is no possible cause for its phase out since there are
negligible hazardous chemicals. These lights can easily be
integrated/embedded with controlling devices and are easily recyclable
supporting the LED lights adoption in street lighting.
Growing interest in controlling lighting
within their facilities through smart devices and phones has
strengthened the foundation of future developments in intelligent and
connected lighting technologies. Although LED is the most prominent
choice for connected street lights, other traditional lamps such as
fluorescent lamps, HID lamps and CFLs can also be utilized into
connected lighting.
Smart street lighting platform provides
extended capabilities enabling cities to reduce the energy consumption
and increasing cost savings. Added revenue streams related to lampposts
offer potential growth opportunities over the forecast timeframe. For
instance, smart/connected poles are being installed with Volte 4G
technology for improving the mobile phone coverage. Renting the poles to
the cell carriers provide revenue generation opportunities to the
government.
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Technological advancements in connected
streetlights include downtime reduction in case of malfunctioning of
streetlight. The officials are instantly notified as soon as a lamp is
dysfunctional, which can be rectified to reduce the downtime. Connected
street lighting as a platform provides numerous benefits to both
suppliers and government. The integration of several applications in
existing infrastructure can save costs resulting in lower average
product costs thereby providing additional valuable services to the
citizens.
The global smart street light market can
be segmented by connectivity into Wi-Fi, radio frequency, Bluetooth and
others. By lamps, the industry can be segmented into LED lamps, HID
lamps and CFL lamps. Europe is expected to lead the smart street light
market amongst other regions. Various lighting organizations are
rigorously working towards smart lighting controls deployment in private
and public arenas. In 2015, Lighting Europe Association conducted 19
events and produced about 400 scientific papers on smart lighting.
North America is anticipated to be the
potential market for connected lighting over the forecast timeline. The
operating costs of lighting in North America for commercial spaces is
significantly higher thus adoption of smart lighting provides cost
effective and efficient solution. Furthermore, regulations and energy
policies to limit the energy consumption are strictly implemented in
North America supporting the adoption and development of connected
street lights market in the region.
Telensa, Osram, Philips, General
Electric, Wipro, Echelon Corporation, Tvilight, Tech Mahindra, Sierra
Wireless, Verizon Enterprise and Sunview LED are the prominent
manufacturers and service providers of the connected street light market.
The companies are focusing towards targeting government and other
associations for the adoption of smart street lights. For instance, in
November 2016, Philips Lighting announced to install over 90,000
connected street lights in Jakarta. The company also set a target of
connecting about 430 light points per day making the project duration to
complete in seven months.
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