Matthew BoyleAt the end of 2022, there were 23. 0 million intelligent street lights installed worldwide, according to a recent research report from the IoT analyst company Berg Insight.
By the end of 2027, the installed base will have grown at a compound annual growth rate ( CAGR ) of 22.7 percent, reaching 63.8 million.
In 2022, up to 35 % of the world’s installed base will be in Europe, which is leading the adoption of bright street lighting technology. In 2022, North America will account for about 37 percent of the world’s shipment volumes and is catching up to Europe in terms of growth. Nearly half of the installed base of bright street lights outside of Europe and North America were located in China at the same time.
With nearly 4.9 million connected street lights, Signify was the world’s top smart street lighting vendor as of Q3-2023, accounting for 18 % of the installed base worldwide. After purchasing the original market leader Telensa in July 2021, the company moved up to the top spot. Additionally included in the best three were Foreign Fonda Technology and US-based Itron, the latter of which has deployed the majority of its lighting controllers domestically. Nearly a third of the installed base of singularly controlled bright street lights worldwide came from the top three vendors. Additionally, Itron is a market leader in the international networking space.
Major players in smart street lighting include ST Engineering Telematics Wireless from Singapore/Israel, Quantela, Dimonoff, Ubicquia, and LED Roadway Lighting from North America, Schréder from Belgium, Rongwen Energy Technology Group from China, Revetec and Umpi from Italy, Flashnet from Romania, Lucy Zodion ( Lucy Group ) and SSE from the UK.The market for wise street lighting saw significant growth in 2022 and the second quarters of 2023, following a slowdown during 2021 due to supply chain constraints and delays in the issuance of tenders for new projects during the Covid-19 pandemic.
The bright street lighting market has expanded as a result of cities and municipalities becoming more conscious of energy costs and environmental concerns related to street illumination. The market is now plainly trending towards increased use of mobile communications in some parts of the world, despite the fact that custom RF networking platforms have traditionally been the preferred connectivity type for clever street lighting deployments.
