This report provides Transforma Insights’ view on the public space lighting market. This segment includes the monitoring, control, and management of lighting for streets and other public spaces, typically provided by local government or utilities. Streetlights are a significant contributor to the electricity bills of local authorities, accounting for 15-40% of the total energy consumption in cities worldwide. In many countries, this will result in significant greenhouse gas emissions. To reduce this cost and make streetlighting more sustainable, governments across the globe are spending heavily to replace them with smart LED lamps that can be controlled remotely using different technologies, including Wi-Fi, Cellular, NB-IoT, and RF mesh.
The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used and revenue.
A full set of forecast data, including country-level forecasts, sector breakdowns and public/private network splits, is available through the IoT Forecast tool.
The report examines key factors that are influencing the development of the market, including:
This section of the report discusses the major benefits of adopting smart LED lamps (such as optimising traffic management and being able to save up to 80% electricity since they enable dynamic lighting by switching off or lowering the intensity of light when not required, based on environmental factors such as human presence, type of neighbourhood, type of road, density of pedestrians, etc.), leading to their increasing adoption by various governments. It also mentions some instances where certain cities like Bangkok have saved significant amounts in terms of maintenance cost (USD136,452) by converting their streetlights into smart LEDs.
This section briefly discusses the various types of communication technologies (like cellular and a range of proprietary networks like mesh-based networks) that are used by smart streetlights.
This section of the report talks about some of the major barriers which may hinder their adoption, such as limited government budget, which, however, has given rise to new business opportunities.
The report also discusses some examples of relevant IoT deployments in this application, like Jaipur Municipal Corporation (India) deploying over 71,000 connected LED street lighting.
The key vendors section lists some of the main providers of products and services related to the public space lighting market such as Signify, Telensa, Itron, Ubicquia, and Quantela. The report provides profiles of the various vendors including aspects most relevant to this Application Group, such as product offerings, pricing, financial results, and technology.
In the market forecasts section, we provide a summary of the forecasts from the Transforma Insights IoT Forecast Database:
The report charts the growth in the number of public space lighting devices, which will grow from 26.5 million in 2022 to 133.4 million in 2032.
Transforma Insights forecasts are compiled on a country-by-country basis. This report includes a regional summary, showing splits between Australasia, Greater China, North America, Europe, Japan, Latin America, MENA, Russia & Central Asia, South East Asia, South Korea, India & South Asia, and Sub-Saharan Africa.
Transforma Insights’ IoT forecasts include splits between the various connectivity technologies as follows: 2G, 3G, 4G, 5G mMTC, 5G non-mMTC, LPWA (non-mMTC), Satellite, Short Range, and Other.
This section discusses which technologies will be used in the Public Space Lighting Application Group.
This part of the report discusses the market growth in terms of revenue (module revenue, service wrap revenue, and VAC revenue). Transforma Insights estimates that the revenue in the Public Space Lighting Application Group will grow at a CAGR of 18%.
