The global smart street lighting market share is predicted to rise rapidly in the future years, owing to the increasing global acceptance of smart city projects. By automatically altering light levels based on parameters such as traffic volume, weather conditions, and pedestrian activity, these systems help save energy, decrease expenses, and improve safety.

The Smart Street Lighting Market size will grow from USD 2.41 billion in 2022 to USD 8.23 billion by 2029 at a compound annual growth rate (CAGR) of 19.2%.

The report offers valuable insight into the Market progress and approaches related to the Market with an analysis of each region. The report goes on to talk about the dominant aspects of the market and examine each segment.

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Opportunities

·         Energy-Efficient Lighting System: Smart street lighting systems can save significant amounts of energy by only turning on lights when necessary, dimming lights during low foot traffic hours, and using LED bulbs.

·         Cost Savings: Implementing smart street lighting systems can result in savings on energy bills, maintenance fees, and installation expenses over time.

·         Improved Safety: Brighter and more consistent illumination improves safety for drivers as well as pedestrians alike.

 

 

 

 

TOP KEY PLAYERS:

·         Signify Holding (Netherlands)

·         Telensa Limited (U.K.)

·         Itron Inc. (U.S.)

·         Rongwen (China)

·         DimOnOff (Canada)

·         Current Powered by GE (U.S.)

·         gridComm (Singapore)

·         Sensus (U.S.)

·         FLASHNET SA (Romania)

·         Ubicquia, Inc. (U.S.)

 

The Smart Street Lighting Market segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2023-2028.

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