Smart street light installations to reach 73 million by 2026
Using smart street lighting networks as a platform for other smart city applications is creating new revenue opportunities for all stakeholders, report finds
According to a new report from Navigant Research, the installed base of smart street lights is expected to reach nearly 73 million worldwide by 2026.
A new report from Navigant Research analyzes the evolution of smart street lighting technology and market trends, providing global market forecasts of smart street lighting hardware, software applications, and services, broken out by segment and region, through 2026.
The vision of a city lighting network is one that provides a platform for a range of innovative smart solutions in addition to efficiently illuminating public spaces. By combining advances in energy-efficient lighting with new technologies and sensors, smart streetlights can help cities increase efficiency, raise additional revenue, keep residents safe, improve sustainability, and attract new residents and businesses.
“With LEDs established as the technology of choice for street lighting upgrades, the next frontier for smart street lighting networks involves rapidly increasing deployments of controls technology and a transition to being utilized as a broader platform for smart city innovations,” says Ryan Citron, research analyst at Navigant Research. “Sensors and other technologies are being added to smart street lighting networks to offer a multitude of new city services, including gunshot detection, air quality monitoring, electric vehicle (EV) charging, traffic management, and smart parking, among others.”
Smart street lights also offer increased energy and maintenance savings as well as new opportunities for new revenue, according to the report. Services related to streetlight infrastructure, such electric vehicle charging and broadband coverage, can mean additional income for suppliers, cities, and utilities alike.