According to a new research report from the Internet of Things analysis company Berg Insight, by the end of 2020, the global installed base of smart street lights will reach 16.2 million.
With a compound annual growth rate (CAGR) of 24.8%, the installed base will reach 48.8 million by the end of 2025.Leading adoption in Europe Smart street light technology In 2020, it will account for 35% of the global installed base. North America continues to lag behind Europe, but has strong growth, accounting for about 24% of global shipments in 2020.More than half of the installed base Smart street light Except for Europe and North America, other regions of the world except China are the fastest-growing markets.
The world’s leading Smart street light supplier By the end of 2020, Telensa, headquartered in the United Kingdom, had nearly 2.1 million networked street lights, accounting for 12.8% of the global installed base. The top three are Signify in the Netherlands and Sensus headquartered in the United States, the latter mainly serving the market through its SELC brand. In general, the top three suppliers account for nearly one-third of the global installed base of independently controlled smart street lights. Major smart street lighting manufacturers also include CIMCON Lighting, Dimonoff, Acuity Brands, LED Roadway Lighting, Current and Ubicquia from North America; Lucy Zodion and SSE from the UK; Rongwen Energy Technology Group from China; Revtec from Italy; from Belgium Schrader from Romania; Flashnet from Romania; and ST Engineering Telematics Wireless from Israel/Singapore. In addition, Itron, headquartered in the United States, is a global leader in the field of networking and CMS.
Levi Ostling, Smart City Analyst at Berg Insight, said:
“Despite the Covid-19 pandemic, the smart street lamp market will continue to maintain healthy growth throughout 2020, although the market may see its growth rate slightly accelerate in the crisis after the launch of new project tenders temporarily postponed in 2021.”
At the same time, many new growth opportunities have emerged in the market. For example, in the past two years, the procurement of large-scale deployments in the South American market has indeed begun to accelerate, while activities in the potentially huge Indian market have also increased.
“We are now at the time when the first large-scale replacement of early smart street light technology devices began to appear”, Mr. Osterlin continued.
In June of this year, Telensa became the first supplier to announce a major replacement project. It is expected that more and more similar projects will appear in early adopter markets such as the UK in the next few years.
