Smart Street Lights Market-Overview
The escalation in demand for energy-efficient LED lights is
anticipated to motivate the smart street lights market 2020. The SEM industry
reports are produced by Market Research Future, which highlights market options
for expansion. An earning of USD
12,404.1 million is predicted while growing at a 22% CAGR by 2023.
The development of the concept of smart connected street
lighting is estimated to encourage the smart street lights market in the
forthcoming period. The widespread implementation of solar-powered
street-lights in several cities is estimated to push the development of the led
street lights in the impending period. The need to curb the energy usage by
conventional street lights is predicted to transform the growth potential of
the smart street lights market.
Segmental Analysis
The segmental scrutiny of the smart street lights market is
conducted on the basis of technology, regions, applications, components, and
end-users.
·
Based on the component, the smart street lights market
is segmented into software, hardware, and services.
·
On the basis of networking technology, the smart
street lights market is segmented into medium-band, narrowband, and broadband
technology.
·
The application basis of segmenting the smart street
lights market consists of traffic monitoring, smart parking, environmental
monitoring, video surveillance, public messaging, street light management, and
others.
·
Based on the end-users, the smart street lights market
is segmented into retail, residential, industrial, transportation, automotive,
and others.
·
Based on the region, the smart street lights market
consists of North America, Asia Pacific, Europe, and the rest of the regions.
Competitive Analysis
The prospects for growth in the market have to be carefully
sought out and examined to ensure that they will ensure the favorable
development of the market in the coming period. The competitors present in the
market are recalibrating their market share to open up new areas of development
in the market. The stress on enhancing the production potential and upgradation
of the workforce are the top priorities to reinvigorate the development
potential of the market in the coming period.
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The promising contenders in the smart street lights market
are Koninklijke Philips N.V (The Netherlands), Telensa (U.K.), AxiomTek (U.S.),
Silver Spring (U.S.), General Electric (U.S.), Echelon (U.S.), Osram AG
(Germany), Trilliant Holdings Inc. (U.S.), Cisco system (U.S.), and Tech
Mahindra (India).
Detailed Regional Analysis
The regional examination of the smart street lights market
consists of North America, Asia Pacific, Europe, and the rest of the regions.
The European region is accepted to have momentous growth in the smart
street lights market. The prevalence of countries such as Norway, the U.K,
Germany, and France are the major nations in the market. Their intensification
is accredited to the speedily escalating adoption of smart street lights in electric
vehicles, which is conversely expected to amplify the demand for the street
lighting market in the forecast period. Moreover, the North American
regional market is likely to have considerable development in the market, with
the U.S & Canada being the chief countries in the region.
TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Smart Street Lights Market, By Segments
7.
Competitive Analysis
Continued…
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