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Market Research Report

Global Smart Street Lighting & Smart Cities: Market Forecast (2019-2028)

Published by Northeast Group, LLC Product code 296528
Published Content info 135 Pages, 125 Country Dataset & Slides
Delivery time: 1-2 business days
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Global Smart Street Lighting & Smart Cities: Market Forecast (2019-2028)
Published: April 30, 2019 Content info: 135 Pages, 125 Country Dataset & Slides
Description

The over 303 million streetlights globally help form the backbone of the world's cities, towns, and highways. Until recently, this corner of the municipal infrastructure market had largely been ignored, but streetlights are now viewed as a critical asset to unlocking billions of dollars in smart city potential. Previously viewed as a major cost - up to 40% of a city's energy budget - streetlights are now viewed as a revenue opportunity. This study analyzes this suddenly dynamic market and forecasts the market for energy efficient street lighting, streetlight networking, and additional smart city applications attached to streetlights through 2028.

The starting point for this transformation is LED streetlights, which offer longer lifetimes, lower energy consumption, and reduced maintenance expenses when compared with legacy streetlight technologies. Costs for LEDs have now mostly bottomed out, and the business case is clear. LEDs will be the dominant technology for street lighting going forward, and savings from LEDs will help drive additional applications. LEDs are further supplemented by streetlight controls. Networked streetlights accentuate all of the savings benefits of LED street lighting, while also improving public safety and putting in place a communications and software infrastructure that can be utilized for further smart city applications. Cities and utilities with smart streetlights are now exploring ways to both improve urban efficiency (through smart parking, environmental sensors, waste management, and other applications) and increase revenue (through licensing agreements with telecom operators, monetizing urban data collection, and more). While most smart city applications remain at the pilot level, cities are in agreement that smart street lighting is a critical first step to open up these opportunities.

As with any dynamic market, challenges remain. Cities must work both with utilities and regulators and between municipal departments to ensure that the benefits of smart streetlights are realized. Meanwhile, a rapidly evolving vendor landscape, including new technology options, highlights the importance of recently developed standards organizations. These challenges can partly mask what is a clear business case for most cities in the world, one that ensures cost savings, environmental benefits, and improved public safety. But these benefits are now increasingly becoming understood, which will lead to LED and smart streetlights to reach a projected 85% and 24% of the total streetlight market, respectively, by 2028. This will total a $50.4 billion market opportunity over the next decade.

Key questions answered in this study:

  • What is the market share of the leading smart streetlight vendors?
  • What new applications are being attached to streetlights and how large will the market for these applications be?
  • How are cities looking to monetize urban data to fund smart city projects?
  • How are new communications options affecting the smart streetlight and smart city markets?
  • Who are the key vendors throughout the smart streetlight value chain?
  • What hurdles to smart street lighting have been overcome and which ones remain?

‘Global Smart Street Lighting & Smart Cities: Market Forecast (2019 - 2028) ’ comes with the following research deliverables:

  • 135-page PDF copy of the study;
  • Excel dataset covering 125 individual countries (the total number of streetlights, LED streetlights, smart streetlights with units and value, both annual and cumulative); and
  • Executive summary slides.
Table of Contents

Table of Contents

i. Executive Summary

1. What's new in 2019?

2. The benefits and challenges of LED and smart streetlights

3. Market forecast

4. Regional overviews

5. Vendors

6. Appendix

  • 6.1. Methodology
  • 6.2. LED and smart lighting overview
  • 6.3. List of abbreviations and companies covered

List of Figures, Boxes and Tables

  • Global LED and smart street lighting: key takeaways
  • Figure 1.1: Smart city infrastructure potential by segment
  • Figure 1.2: Recent Americas smart streetlight projects
  • Figure 1.3: Notable EMEA smart streetlight projects
  • Figure 1.4: Notable Asia-Pacific smart streetlight projects
  • Table 1.1: Notable smart streetlight vendor acquisitions and restructurings since 2017
  • Figure 1.5: Global streetlight nodes market share (end of 2018)
  • Figure 1.6: Global streetlight nodes market share (deployed and announced)
  • Figure 1.7: Global streetlight communications market share (end of 2018)
  • Figure 1.8: Global streetlight communications market share (deployed and announced)
  • Figure 1.9: Metropolitan Area Planning Council (Massachusetts) smart streetlight bids
  • Table 1.2: Streetlight communications comparison
  • Table 2.1: LED streetlight costs and benefits
  • Table 2.2: Smart streetlight costs and benefits
  • Figure 2.1: Smart streetlight benefits in high income, high electricity price country
  • Figure 2.2: Smart streetlight benefits in low income, low electricity price country
  • Table 2.3: Additional benefits to smart streetlights
  • Table 2.4: Streetlight financing options
  • Table 2.5: Challenges to implementing smart and LED streetlight projects
  • Table 3.1: Total number of streetlights
  • Figure 3.1: Annual investment in LED and smart streetlights
  • Table 3.2: Annual investment in LED and smart streetlights
  • Figure 3.2: Cumulative investment in LED and smart streetlights
  • Table 3.3: Cumulative investment in LED and smart streetlights
  • Figure 3.3: Global LED and smart streetlight penetration rate
  • Figure 3.4: Average cost per streetlight of smart LED projects
  • Figure 3.5: Cumulative LED streetlight forecast with installation separate
  • Figure 3.6: Regional LED streetlight forecast (annual)
  • Table 3.4: Annual LED streetlight forecast data
  • Figure 3.7: Regional LED streetlight forecast (cumulative)
  • Table 3.5: Cumulative LED streetlight forecast data
  • Figure 3.8: Regional smart streetlight forecast (annual)
  • Table 3.6: Annual smart streetlight forecast data
  • Figure 3.9: Regional smart streetlight forecast (cumulative)
  • Table 3.7: Cumulative smart streetlight forecast data
  • Figure 3.10: Cumulative forecast of additional smart city hardware on streetlights
  • Figure 3.11: Cumulative combined streetlight value (LED, smart & additional hardware)
  • Figure 4.1: Notable smart streetlight activity in North America
  • Table 4.1: North America key info
  • Figure 4.2: Annual investment in LED and smart streetlights in N. America
  • Figure 4.3: Cumulative investment in LED and smart streetlights in N. America
  • Figure 4.4: Notable smart streetlight activity in Latin America
  • Table 4.2: Latin America key info
  • Figure 4.5: Annual investment in LED and smart streetlights in Latin America
  • Figure 4.6: Cumulative investment in LED and smart streetlights in Latin America
  • Figure 4.7: Notable smart streetlight activity in Europe
  • Table 4.3: Europe key info
  • Figure 4.8: Annual investment in LED and smart streetlights in Europe
  • Figure 4.9: Cumulative investment in LED and smart streetlights in Europe
  • Figure 4.10: Smart streetlight vendors based in Europe
  • Figure 4.11: Notable smart streetlight activity in Eurasia
  • Table 4.4: Eurasia key info
  • Figure 4.12: Annual investment in LED and smart streetlights in Eurasia
  • Figure 4.13: Cumulative investment in LED and smart streetlights in Eurasia
  • Figure 4.14: Notable smart streetlight activity in Middle East & Africa
  • Table 4.5: Middle East & Africa key info
  • Figure 4.15: Annual investment in LED and smart streetlights in Middle East & Africa
  • Figure 4.16: Cumulative investment in LED and smart streetlights in Middle East & Africa
  • Figure 4.17: Notable smart streetlight activity in East Asia
  • Table 4.6: East Asia key info
  • Figure 4.18: Annual investment in LED and smart streetlights in East Asia
  • Figure 4.19: Cumulative investment in LED and smart streetlights in East Asia
  • Figure 4.20: Notable smart streetlight activity in South and Southeast Asia
  • Table 4.7: South and Southeast Asia key info
  • Figure 4.21: Annual investment in LED and smart streetlights in South & Southeast Asia
  • Figure 4.22: Cum. investment in LED and smart streetlights in South & Southeast Asia
  • Figure 4.23: Notable smart streetlight activity in Oceania
  • Table 4.8: Oceania key info
  • Figure 4.24: Annual investment in LED and smart streetlights in Oceania
  • Figure 4.25: Cumulative investment in LED and smart streetlights in Oceania
  • Table 5.1: Notable smart streetlight vendor acquisitions and restructurings since 2017
  • Figure 5.1: Global streetlight nodes market share (end of 2018)
  • Figure 5.2: Global streetlight nodes market share (deployed and announced)
  • Figure 5.3: Global streetlight communications market share (end of 2018)
  • Figure 5.4: Global streetlight communications market share (deployed and announced)
  • Figure 5.5: Streetlight nodes market share in the Americas
  • Figure 5.6: Streetlight communications market share in the Americas
  • Figure 5.7: Streetlight nodes market share in EMEA
  • Figure 5.8: Streetlight communications market share in EMEA
  • Figure 5.9: Streetlight nodes market share in Asia-Pacific
  • Figure 5.10: Streetlight communications market share in Asia-Pacific
  • Figure 5.11 Smart street lighting vendor landscape
  • Figure 5.12: Additional smart city vendors by segment
  • Figure 5.13: Smart lighting value chain
  • Figure 5.14: Smart streetlight communications and controls vendors by type
  • Table 5.2: General LED lighting vendors
  • Table 5.3: LED component vendors
  • Figure 6.1: Streetlight directional control
  • Table 6.1: LED streetlight benefits
  • Figure 6.2: Response to LED streetlight projects from Northeast Group's US survey
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