Navigant Research Study Reveals the Global Installed Base of Smart Street Lights is Expected to Reach Nearly 73 Million by 2026

Using smart street lighting networks as a platform for other smart
city applications is creating new revenue opportunities for all
stakeholders, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#Cities–A new report from Navigant
Research analyzes the evolution of smart street lighting technology
and market trends, providing global market forecasts of smart street
lighting hardware, software applications, and services, broken out by
segment and region, through 2026.

The vision of a city lighting network is one that provides a platform
for a range of innovative smart solutions in addition to efficiently
illuminating public spaces. By combining advances in energy-efficient
lighting with new technologies and sensors, smart streetlights can help
cities increase efficiency, raise additional revenue, keep residents
safe, improve sustainability, and attract new residents and businesses. Click
to tweet: According to a new report from @NavigantRSRCH,
the installed base of smart street lights is expected to reach nearly 73
million worldwide by 2026.

“With LEDs established as the technology of choice for street lighting
upgrades, the next frontier for smart street lighting networks involves
rapidly increasing deployments of controls technology and a transition
to being utilized as a broader platform for smart city innovations,”
says Ryan Citron, research analyst at Navigant Research. “Sensors and
other technologies are being added to smart street lighting networks to
offer a multitude of new city services, including gunshot detection, air
quality monitoring, electric vehicle (EV) charging, traffic management,
and smart parking, among others.”

Smart street lights also offer increased energy and maintenance savings
as well as new opportunities for new revenue, according to the report.
Services related to streetlight infrastructure, such EV charging and
broadband coverage, can mean additional income for suppliers, cities,
and utilities alike.

The report, Smart
Street Lighting for Smart Cities, analyzes the evolution of
smart street lighting technology and market trends, with a focus on how
smart street lighting can be used as a platform for additional smart
city applications. The study analyzes the drivers for the transformation
in the lighting market, including financial, environmental, and economic
factors, and assesses approaches to smart street lighting in different
regions. Global market forecasts of smart street lighting hardware,
software applications, and services, broken out by segment and region,
extend through 2026. The report also examines significant smart street
lighting projects and case studies of major deployments from around the
world, as well as the competitive landscape. An Executive Summary of the
report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the firm primarily serves clients in the healthcare,
energy, and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Smart Street Lighting for Smart Cities, is a summary and
reflects Navigant Research’s current expectations based on market data
and trend analysis. Market predictions and expectations are inherently
uncertain and actual results may differ materially from those contained
in this press release or the report. Please refer to the full report for
a complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any
of the information contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]