Published on : Jan 14, 2019
Albany, New York, January 14, 2019: Connected (smart) street light has revolutionized the modern infrastructure by increasing the energy efficiency of the city, decreasing energy expenses, and reducing maintenance costs. Moreover, increase in public safety, environmental monitoring and the development of smart cities will further drive the connected (smart) street light market.
The aforementioned insights are gleaned from the report titled, “Connected (Smart) Street Light Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” included recently in the extensive repository of Market Research Hub’s (MRH).
By 2026, the connected (smart) street light market is estimated to be worth $1,502.8 million, growing at an impressive CAGR of 21%. However, the market may face some hindrances in developing economies in terms of poor infrastructure, which is due to underdeveloped network infrastructure and minimum internet penetration, which in turn means low availability of the bandwidth.
Technological advancements has boosted the demand for connected (smart) street lights market, improving the capacity of street lights, making it more efficient than the normal street lights. Additionally, there is a surge in the demand for sustainable lighting solutions, which will further open up growth avenues for connected (smart) street light market.
Connected (Smart) Street Light Market: Summary of the Report
This comprehensive report studies the connected (smart) street light market at a regional and global level. Analysis has been offered on the connected (smart) street light market for period between 2018 and 2026, with 2017 considered as the base for estimation. Evaluation of the size of the connected (smart) street market has been done based on volume (Thousand Units) and value (US$ Mn).
This study also offers scrutinized analysis of the important dynamics, including opportunities, challenges, restraints, and drivers, influencing growth of the connected (smart) street light market. Macro- and micro-economic factors impacting prospects of the connected (smart) street light market have also been assessed in the report. The report offers a detailed analysis & forecast on the connected (smart) street light market on the basis of segmentation.
Regional split of the connected (smart) street light market includes South America, North America, Europe, Middle-East & Africa and Asia-Pacific. A country-level forecast has also been offered for the connected (smart) street light market across all these regions. The report also incorporates an in-depth competitive landscape assessment of the connected (smart) street light market, wherein key players upholding the market growth have been profiled. A SWOT analysis of all the market players profiled has also been included in key weighted sections of the report.
Connected (Smart) Street Light Market: Robust Research Methodology
The research methodology employed for developing this insightful report on the connected (smart) street light market is a homogenous amalgamation of expert panel reviews, secondary research, and primary research. Information harnessed through secondary research is validated with the help of insights gained through exhaustive primary interviews conducted with industry experts and opinion leaders.
Primary interviews are often carried out on an ongoing basis, for gleaning latest industry insights, and for validating the available data and study of the target research area. This report will aid clients in gaining authentic and credible information to propel their business in the connected (smart) street light market.
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