Connected Street Lights Market Overview
Connected Street Lights Market Size was estimated at 4.53 (USD Billion) in 2023. The Connected Street Lights Industry is expected to grow from 5.22 (USD Billion) in 2024 to 25.0 (USD Billion) by 2035. The Connected Street Lights Market CAGR (growth rate) is expected to be around 15.31% during the forecast period (2025 - 2035).
Key Connected Street Lights Market Trends Highlighted
The market for Global Connected Street Lights is growing due to several critical market drivers. Because urbanization is happening faster than ever, these cities are looking for smarter ways of lighting. Connected street lights save energy, are cheaper to maintain, and increase public safety, thus have high demand among city officials. Moreover, investments in advanced technologies are increasing due to the smart city projects. Also, increased government initiatives towards energy efficiency are creating a positive atmosphere for innovations in street lighting. There are still many gaps to be filled in the industry.
The integration of Internet of Things (IoT) technology into street lighting systems offers a pathway for enhanced data collection and management. Cities are starting to use connected streetlights for various applications beyond illumination, such as environmental monitoring and traffic management. Additionally, developing regions represent a significant landscape for growth as they upgrade their infrastructure.
There is potential for partnership among technology providers, local governments, and energy companies to advance smart lighting projects. Trends in recent times highlight a shift towards more sustainable and intelligent lighting solutions. As cities embrace smart technologies, connected street lights are being equipped with sensors and advanced controls to optimize energy use and improve operational efficiencies.
There's also a growing emphasis on integrating renewable energy sources, like solar power, into street lighting systems. Furthermore, the rise in public-private partnerships is promoting innovation and investment in connected street lights, positioning them as essential components of modern urban infrastructure. The trend towards data-driven decision-making is changing how cities approach street lighting, making it more responsive and adaptive to the needs of residents.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Connected Street Lights Market Drivers
Growing Urbanization and Smart City Initiatives
The rapid pace of urbanization across the globe is one of the primary drivers fueling the growth of the Connected Street Lights Market Industry. With more people moving into urban areas, municipalities and city planners are faced with the challenge of improving infrastructure to accommodate the growing population. Smart city initiatives are increasingly prioritizing the integration of connected technologies to enhance the quality of life for residents, and street lighting is a critical component of this infrastructure.
Connected street lights not only provide better visibility and safety for pedestrians and drivers but can also be integrated with other smart technologies such as environmental monitoring, traffic management systems, and energy efficiency solutions. This interconnectivity allows for real-time data collection and analysis, enabling cities to respond more effectively to various urban challenges, such as traffic congestion and air quality management. Overall, urbanization and smart city projects are expected to drive investments in the Connected Street Lights Market, fostering innovation and making cities more sustainable and livable in the long run.
Energy Efficiency and Cost Savings
With a growing emphasis on reducing greenhouse gas emissions and lowering energy consumption, municipalities are increasingly turning to connected street lighting as a viable solution. Advanced connected lighting systems utilize LED technology and smart controls to consume significantly less power compared to traditional street lights. Moreover, these systems can be remotely monitored and managed, allowing for the optimization of energy usage. The shift towards energy-efficient lighting not only contributes to sustainability goals but also results in substantial cost savings in electricity bills for cities. As government regulations and public pressure for environmentally responsible solutions continue to mount, the Global Connected Street Lights Market Industry is set to flourish.
Technological Advancements and IoT Integration
The integration of Internet of Things (IoT) technology into street lighting is revolutionizing how cities manage their lighting systems. Connected streetlights equipped with sensors and communication technologies can provide real-time data on various parameters such as ambient light levels, foot traffic, and energy consumption. This data-driven approach enables cities to optimize lighting schedules, enhance safety, and even monitor public spaces more effectively. As technology continues to evolve, the capabilities of connected street lights are expected to expand, leading to further improvements in urban management and efficiency. The adoption of IoT solutions in street lighting contributes significantly to the growth of the Global Connected Street Lights Market Industry.
Connected Street Lights Market Segment Insights
Connected Street Lights Market Technology Insights
The Connected Street Lights Market showcases significant growth within the Technology segment, which includes various solutions such as LED, Solar Powered, Smart Sensors, IoT Enabled, and Data Analytics technologies. In 2024, the overall market reached a valuation of 5.22 USD Billion, highlighting the increasing adoption of smart lighting solutions across urban environments.
Among these technologies, LED lighting holds a majority share, valued at 1.513 USD Billion in 2024, as it is favored for its energy efficiency and long lifespan, thereby becoming a dominant choice in street lighting solutions. Following LED, the Solar Powered segment, valued at 1.009 USD Billion, is also significant due to its ability to harness renewable energy, promoting sustainability and reducing operational costs for municipalities. Smart Sensors technology, valued at 0.841 USD Billion, plays an important role in optimizing light usage and enhancing public safety by adapting lighting based on real-time data and movement detection, thus improving energy savings.
The IoT-enabled segment, which is valued at 1.026 USD Billion, is critical for enabling connectivity and smart city integration, facilitating remote monitoring and management of street light systems. Lastly, while Data Analytics, with a valuation of 0.832 USD Billion, may be the least dominant, it nonetheless is vital for processing information gathered from smart street lights to improve maintenance strategies and inform urban planning decisions. The growth drivers in this market are propelling the demand for smarter, more efficient, and sustainable lighting solutions, while the challenges include infrastructural hurdles and the need for significant investments for widespread implementation.
The Connected Street Lights Market data suggests a diverse and evolving landscape, with each technology segment contributing uniquely to the industry's dynamics, presenting numerous opportunities for growth and innovation. The expanding capabilities of these technologies signify a vital step towards more livable and efficient urban environments, where smart lighting solutions can substantially improve safety and energy consumption, ultimately leading to an enhanced quality of life for city dwellers. The market statistics forecast the Connected Street Lights Market is on a trajectory of robust growth, driven by innovations that align with environmental sustainability goals and urban modernization trends, paving the way for a future where cities are smarter and more connected.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Connected Street Lights Market Components Insights
The Connected Street Lights Market is projected to be valued at 5.22 USD Billion in 2024, with a significant focus on various components that drive this market. Among the key facets of the Components segment, Control Systems play an essential role in managing and optimizing street lighting operations, contributing to energy efficiency and reduced operational costs. Lighting Fixtures are critical for maintaining brightness and safety in urban spaces, impacting public perception and enhancing environmental aesthetics.
Communication Modules facilitate real-time data exchange between the street lights and central systems, thus supporting smart city initiatives. The importance of Power Supply cannot be understated, as it ensures the reliability and sustainability of street lighting infrastructure. Lastly, Sensors are pivotal in enabling adaptive lighting responses based on environmental conditions and traffic flow, significantly enhancing energy savings. Combining these components not only enhances the performance of connected street lights but also aligns with the trends of urbanization, smart infrastructure investment, and growing environmental awareness, driving the Connected Street Lights Market growth through increased efficiency and sustainability.
Connected Street Lights Market Application Insights
The Application segment of the Connected Street Lights Market plays a crucial role in enhancing urban environments, with the overall market valued at USD 5.22 billion in 2024, reflecting a strong growth trajectory. This segment encompasses diverse areas such as Public Infrastructure, Highways, Smart Cities, Parks and Recreational Areas, and Commercial Spaces. Smart Cities, as a prominent focus within this segment, drive forward-thinking innovations, enabling integrated systems that benefit both residents and municipal administrators. Public infrastructure applications are significant as they ensure safety and efficiency in urban planning and development.
Connected street lights on highways enhance road safety by providing optimal visibility and integrating with various traffic systems. Furthermore, Parks and Recreational Areas benefit from improved lighting options, promoting extended usage and enhancing security for users. The Commercial Spaces category has gained traction as businesses recognize the importance of smart lighting in contributing to energy efficiency and reducing operational costs. The diverse applications underline the versatility and relevance of the Connected Street Lights Market, enhancing urban living while addressing growing concerns around sustainability and energy consumption. Overall, this market's growth reflects the demand for smarter, safer urban spaces fueled by advanced technology and infrastructure investments.
Connected Street Lights Market End-Use Insights
The Connected Street Lights Market has shown promising growth, particularly in the End-use segment, which incorporates various applications, including Municipal, Commercial, and Residential sectors. By 2024, the overall market is expected to be valued at 5.22 USD billion, reflecting a strong demand for smart lighting solutions that enhance energy efficiency and street safety. The Municipal segment plays a vital role in this market as cities increasingly adopt connected street lighting to reduce operational costs and improve urban aesthetics. Meanwhile, the Commercial sector benefits from the implementation of smart lighting systems, which not only save energy but also provide better lighting quality for businesses.
The Residential segment, although smaller, is gaining traction with homeowners interested in energy-efficient and smart solutions, contributing to the overall market growth. The Connected Street Lights Market statistics indicate that advancements in IoT and smart technology are driving the industry's transformation, presenting various opportunities as municipalities and private entities seek reliable, sustainable, and cost-effective lighting solutions.
Connected Street Lights Market Regional Insights
The Connected Street Lights Market demonstrates considerable growth across various regions, highlighting significant investments in smart city initiatives. In 2024, North America held a market value of 1.31 USD Billion, with its technology-driven urban landscape supporting the increased adoption of connected street light systems. Europe closely follows, valued at 1.28 USD Billion for the same year, as governments aim to reduce energy consumption and promote sustainability.
The APAC region leads with a valuation of 2.03 USD Billion, driven by rapid urbanization and infrastructural development, indicating strong demand for enhanced street lighting solutions. South America and MEA, with values of 0.32 USD Billion and 0.28 USD Billion, respectively, are emerging markets gradually adopting connected technologies to improve urban safety and efficiency. The APAC region's major share demonstrates its growing significance in the Connected Street Lights Market industry as cities turn towards interconnected systems for efficiency and sustainability. Meanwhile, North America is poised for substantial growth, given its investments in smart technologies, making it a region with a majority holding in market advancements. Overall, the market's revenue reflects a global trend towards intelligent urban infrastructure and smart city projects.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Connected Street Lights Market Key Players and Competitive Insights
The Connected Street Lights Market is experiencing rapid transformation, driven primarily by advancements in smart city technologies and the growing emphasis on energy efficiency. The competitive landscape is characterized by numerous players offering varying degrees of innovation in connected lighting solutions, which encompass integrated systems that utilize IoT and data analytics to optimize energy consumption and improve urban infrastructure management.
Companies are increasingly collaborating with municipalities to deploy sustainable lighting solutions, fostering a competitive environment where differentiation hinges on technological capabilities, cost-effectiveness, reliability, and system interoperability. Moreover, the market is witnessing a rise in government initiatives aimed at enhancing energy-efficient infrastructure, which is propelling companies to innovate and expand their product offerings to cater to the evolving needs of urban areas. This dynamic market framework encourages firms to leverage strategic partnerships and invest in research and development to maintain a competitive edge. Itron has established a solid presence in the Global Connected Street Lights Market through its cutting-edge technology that integrates smart lighting solutions with energy management systems.
The company excels in providing reliable and scalable IoT-based platforms that enable municipalities to monitor and control street lighting efficiently. Itron distinguishes itself by offering advanced data analytics capabilities, which allow clients to optimize energy usage, resulting in significant cost savings and enhanced operational efficiencies. The company's commitment to sustainability and innovation is evident in its product portfolio, which encompasses smart controllers and sensors that facilitate real-time data collection and analysis.
Moreover, Itron's strong relationships with municipal agencies and its extensive experience in utility management position it as a preferred partner for cities looking to transition to connected street lighting solutions, as it combines deep industry knowledge with technical expertise and customer support. General Electric is another key player in the Global Connected Street Lights Market, known for its robust portfolio of intelligent lighting infrastructure and advanced software solutions. The company leverages its heritage in electrical engineering to develop innovative connected street lighting solutions that improve urban safety and reduce energy consumption. General Electric stands out through its comprehensive approach to integrating smart lighting with other city systems, fostering enhanced connectivity and real-time responsiveness.
The company's strengths lie in its ability to offer scalable solutions that cater to the needs of both small municipalities and large urban areas alike, acting as a one-stop shop for cities looking to upgrade their street lighting systems. Furthermore, General Electric's focus on sustainability, coupled with its strong emphasis on partnership with local governments, allows it to address specific challenges faced by urban planners, thereby bolstering its competitive position in the market with a strong emphasis on integrated and future-proof designs.
Key Companies in the Connected Street Lights Market Include:
- Itron
- General Electric
- Lutron Electronics
- Uplight
- Eaton
- Schneider Electric
- Sensus
- OSRAM
- GE Current
- Honeywell
- Cree
- ViacomCBS
- Signify
- Philips
Connected Street Lights Industry Developments
Recent developments in the Connected Street Lights Market reveal a significant surge in demand driven by urbanization and smart city initiatives. Companies like Signify and Philips are at the forefront, offering innovative solutions that enhance energy efficiency and sustainability. Moreover, Itron and Eaton are focusing on advanced analytics and IoT integration to optimize street lighting management.
The current market landscape is characterized by mergers and acquisitions, with General Electric's GE Current acquiring new technologies to expand its portfolio in smart lighting. Schneider Electric's recent joint ventures aim to enhance their smart city frameworks, while Honeywell is enhancing its automation systems for streetlights, indicating a trend toward increased interoperability. Growth in market valuation is notable, with substantial investments flowing into digital infrastructure, emphasizing the importance of connected lighting systems in urban environments.
Companies like OSRAM and Cree are also experiencing growth due to their focus on LED technology and smart features, positioning themselves strategically within the evolving market. These advancements collectively indicate a shifting paradigm toward more sustainable, intelligent urban environments, pushing the boundaries of traditional street lighting.
Connected Street Lights Market Segmentation Insights
Connected Street Lights Market Technology Outlook
- LED
- Solar Powered
- Smart Sensors
- IoT Enabled
- Data Analytics
Connected Street Lights Market Components Outlook
- Control Systems
- Lighting Fixtures
- Communication Modules
- Power Supply
- Sensors
Connected Street Lights Market Application Outlook
- Public Infrastructure
- Highways
- Smart Cities
- Parks and Recreational Areas
- Commercial Spaces
Connected Street Lights Market End-Use Outlook
- Municipal
- Commercial
- Residential
Connected Street Lights Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
Report Attribute/Metric Source: |
Details |
MARKET SIZE 2023 |
4.53 (USD Billion) |
MARKET SIZE 2024 |
5.22 (USD Billion) |
MARKET SIZE 2035 |
25.0 (USD Billion) |
COMPOUND ANNUAL GROWTH RATE (CAGR) |
15.31% (2025 - 2035) |
REPORT COVERAGE |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
BASE YEAR |
2024 |
MARKET FORECAST PERIOD |
2025 - 2035 |
HISTORICAL DATA |
2019 - 2024 |
MARKET FORECAST UNITS |
USD Billion |
KEY COMPANIES PROFILED |
Itron, General Electric, Lutron Electronics, Uplight, Eaton, Schneider Electric, Sensus, OSRAM, GE Current, Honeywell, Cree, ViacomCBS, Signify, Philips |
SEGMENTS COVERED |
Technology, Components, Application, End Use, Regional |
KEY MARKET OPPORTUNITIES |
Smart city initiatives, Government funding programs, Energy efficiency mandates, IoT integration advancements, Sustainability and eco-friendly solutions |
KEY MARKET DYNAMICS |
Smart city initiatives, Energy efficiency demands, Government regulations, IoT integration, Cost reduction strategies |
COUNTRIES COVERED |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Connected Street Lights Market is expected to be valued at 5.22 USD Billion in 2024.
By 2035, the Global Connected Street Lights Market is projected to be valued at 25.0 USD Billion.
The Global Connected Street Lights Market is expected to experience a CAGR of 15.31% from 2025 to 2035.
The APAC region is expected to have the largest market share, valued at 10.54 USD Billion by 2035.
North America is projected to reach a market value of 1.31 USD Billion in the Global Connected Street Lights Market by 2024.
Key players in the Global Connected Street Lights Market include Itron, General Electric, and Signify among others.
The market size for Solar Powered technology is expected to reach 4.841 USD Billion by 2035.
The increasing demand for energy-efficient lighting solutions presents significant growth opportunities in the market.
The projected value for IoT Enabled technology in the market is 4.921 USD Billion by 2035.
The market is segmented into technologies including LED, Solar Powered, Smart Sensors, IoT Enabled, and Data Analytics.