A new study titled Smart public lighting market, published by The Delvens, the extensive research offers important visions into the market's shifting dynamics, value chain analysis, well-known investment hotspots, competitive scenarios, regional landscape, and major segments. It also offers a whole analysis of the controls and restraints for the worldwide market. Also provides outstanding information on the strategies and opportunities used in the worldwide market. This will help those working in the business, policymakers, stakeholders, investors and newcomers to the Smart public lighting market size opportunities, pinpoint crucial tactics, and gain an edge over rivals.
The global Smart public lighting market size was estimated at USD 15.6 billion in 2023 and is projected to reach USD 55.8 billion in 2030 at a CAGR of 19.9% during the forecast period 2023-2030.
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The target demographic, refers to the group of people who are the intended users of the product, is also contributing to the growth of the market by increasing their usage of light-emitting diodes (LEDs). This increase in LED usage is leading to the development of a massive public lighting system, which is further driving the growth of the smart public lights market. Business setups that extensively use linked public light equipment as part of smart city initiatives are expected to become important market growth drivers in the near future. Energy businesses and governmental organizations are also adopting smart lighting technological advances to save money and reduce greenhouse gas emissions over the projected period.
Top Key Players: Smart Public Lighting Market
· GE Lighting
· SYSKA LED Lights
· Eveready Industries India Ltd.
· Philips Lighting
· Havells India Ltd
· Flashnet
· Telensa
· GridComm
· Bajaj Electricals.
· Itron
· Hubbell lighting
· OSRAM Licht
· Acuity Brands Lighting
· Eaton
· Schneider Electric
· Honeywell international
· Lutron Electronics
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Key Findings:
· On the basis of component, The Smart Public Lights market is divided into different segments based on components, which include hardware, software, and services. The hardware section of the market includes various components such as LED lights, detectors and switches, sodium vapor lights, controllers, and ballasts, which are widely used in smart public lights.
· On the basis of technology, The Smart Public Lights market is divided into different segments based on Networking Technology, which includes Narrowband and Broadband.
· On the basis of application, The Smart Public Lights market is segmented based on Applications, which includes Smart Parking and Public Light Management. Connected Public lighting management combines movement sensors to improve energy economy and citizen safety.
Recent Developments
· In January 2022, Telensa Holdings Ltd. is a company based in the United Kingdom that specializes in wireless monitoring and control systems for smart cities. The company has launched a new 'hybrid' network architecture to support its connected public light solutions. This new network architecture combines the company's existing UNB radio technology network with cellular connectivity to offer customers a highly versatile solution.
· In July 2021, Itron, Inc. is a company that provides technology solutions for utilities and cities to manage energy and water resources efficiently. Grid4C is a company that specializes in artificial intelligence (AI) solutions for the energy industry. Grid Edge AI is an application developed by Grid4C that uses AI algorithms to analyze data from smart meters, sensors, and other devices at the edge of the power grid. Distributed intelligence (DI) refers to the concept of decentralizing intelligence and decision-making capabilities across the power grid, enabling more efficient and reliable operation.
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In addition to the market data for the Smart Public Lighting Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
In addition to the market data for the Industrial Control Systems and Solution Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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