Smart Street Lights Growing at 35% CAGR

The installed base of smart street lights was 10.4 million worldwide at the end of 2018, according to Berg Insight.

Growing at a compound annual growth rate of 24.5 percent, the installed base will reach 31.2 million in 2023, Berg Insight predicts. Europe now accounts for nearly 40 percent of the installed base. 

North America accounted for around 30 percent of the global installed base in 2018. The Rest of World accounted for 31 percent of the global installed base in 2018, with China representing a significant portion of ROW deployments.

U.K.-based Telensa, plus Signify and Sensus account for a third of the global installed base of individually controlled smart street lights. 

U.S.-based Itron is a leading player in the networking segment, Berg Insight says. 

Other important smart street lighting vendors include China’s Rongwen Energy Technology Group; CIMCON Lighting, Acuity Brands, Current, LED Roadway Lighting and DimOnOff from North America; Lucy Zodion and SSE from the UK; Reverberi Enetec from Italy; Flashnet from Romania and Telematics Wireless from Israel, analysts at Berg Insight say.