Growing at a compound annual growth rate (CAGR) of 22.7 per cent, the global installed base of smart street lights is forecast to reach 63.8 million by the end of 2027.
According to a new research report from IoT analyst Berg Insight, the installed base of smart streetlights amounted to 23 million at the end of 2022.
Europe leads the adoption of smart street lighting technology and accounted for as much as 35 per cent of the global installed base in 2022. North America is catching up with Europe and is growing robustly, accounting for around 37 per cent of global shipment volumes in 2022. China was at the same time home to almost half of the installed base of smart streetlights outside Europe and North America.
The report finds the world’s leading smart street lighting vendor was as, of Q3-2023, Signify, which with nearly 4.9 million connected street lights, accounted for 18 per cent of the global installed base. The company climbed to pole position after acquiring the former market leader Telensa in July 2021.
Rounding out the top three were US-based Itron and the Chinese Fonda Technology, of which the latter has most of its lighting controllers deployed in the domestic market. In total, the top three vendors accounted for almost a third of the global installed base of individually controlled smart streetlights. Itron furthermore also constitutes a global leader in the networking segment.
Read more: smartcitiesworld.net