Global LED and Smart Street Lighting: Market Forecast (2017 - 2027)

  • ID: 4456402
  • Report
  • Region: Global
  • 144 Pages
  • Northeast Group, LLC
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There are currently 317 million streetlights in the world. This number will grow to 363 million total streetlights by 2027. The public outdoor lighting market is currently undergoing a period of change where legacy streetlights are being replaced with new and more efficient LED, or solid-state lighting, technology. Taking this new technology a step further, these LED streetlights are also being networked together with communications to become  “smart” streetlights. This study analyzes and forecasts the global market for both LED and smart street lighting through 2027.  

LED streetlights will transform cities and municipalities across the globe over the next decade. LEDs offer longer lifetimes, lower energy consumption, and reduced maintenance expenses when compared with legacy streetlight technologies. LEDs are quickly becoming the dominant source of lighting in cities around the world and from 2017 to 2027, global investment in LED street lighting is expected to be $53.6 billion. 

But LEDs are not the sole element in modernized public outdoor lighting. Networked “smart” streetlights help cities further reduce costs with their dimming capabilities and reduced maintenance costs. As the costs for networked streetlights also decline, these smart streetlights will find a growing role in cities and municipalities across the globe. Smart street lighting is already taking off in major markets such as the US, UK, and China. In many developed countries, smart streetlights are serving as part of larger “smart city” concepts, where  communications networks can be used to link  items such as electricity and water meters, traffic lights, parking meters, waste bins, and other infrastructure. Smart streetlights also greatly improve safety conditions in a city by reducing the “down time” of streetlights. In many emerging market metropolises–and US cities–that are managing rising street crime,  this will be a particularly strong benefit. 

While there are still challenges to overcome, the rapid growth of LED and smart street lighting is providing clear examples and benefit cases for cities in diverse contexts to follow. Given these clear advantages, LED and smart streetlights are projected to reach 89% and 29% of the total streetlight market, respectively, by 2027. This will total a $64.2 billion market opportunity over the next decade. 

Key questions answered in this study: 

  • What are the market shares of the leading smart streetlight vendors?
  • How large will the market for LED and smart streetlights be across 125 countries?
  • How are new LPWAN communications options impacting the smart streetlight and smart city markets?
  • What is the streetlight ownership structure in the leading markets?
  • Who are the key vendors throughout the smart streetlight value chain?
  • What hurdles to smart street lighting have been overcome and which ones remain?
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i. Executive Summary

1. What’s new in 2017?

2. The benefits of LED and smart streetlights

3. Challenges for LED and smart streetlight systems

4. Case studies

5. Market forecast

6. Leading markets

7. Vendors

8. Appendix
8.1 Methodology   
8.2 LED and smart lighting overview 
8.3 Introduction to smart infrastructure 
8.4 List of abbreviations and companies covered

List of Figures, Boxes, and Tables
Global LED and smart street lighting: key takeaways
Figure 1.1: LPWAN IoT options
Table 1.1: Streetlight communications comparison
Table 1.2: Smart city applications
Figure 1.2: Notable Americas smart streetlight projects
Figure 1.3: Notable EMEA smart streetlight projects
Figure 1.4: Notable Asia-Pacific smart streetlight projects
Figure 1.5: Global streetlight networking market share (deployed and announced)
Figure 1.6: Global streetlight networking market share (deployed by end of 2017)
Figure 1.7: Comparison of networked streetlight market share in 2016 and 2017
Table 1.3: Notable smart streetlight partnerships in the past year
Table 2.1: HPS to LED wattage cross-reference
Table 2.2: LED streetlight costs and benefits
Figure 2.1: LED streetlight cost benefit in high income, high electricity price country
Figure 2.2: LED streetlight cost benefit in low income, low electricity price country
Table 2.3: Smart streetlight costs and benefits
Figure 2.3: Smart streetlight cost benefit in high income, high electricity price country
Figure 2.4: Smart streetlight cost benefit in low income, low electricity price country
Figure 2.5: 10-year breakeven point for smart streetlights
Figure 2.6: Average electricity prices by region
Table 2.4: Additional benefits to smart streetlights
Table 2.5: Summary of cost-benefit analysis examples
Table 3.1: Challenges to implementing smart and LED streetlights
Table 3.2: Streetlight financing options
Table 3.3: Streetlight financing in Europe
Table 3.4: Streetlight ownership models
Figure 3.1: Countries with only state-owned utilities
Figure 3.2: Legal framework for assessing liability of streetlights
Table 3.5: Dimming criteria for the standard IESNA RP-8-05
Figure 4.1: Case study examples in this study
Table 4.1: Summary of case studies
Table 5.1: Total number of streetlights
Table 5.2: Cumulative investment in LED and smart streetlights
Figure 5.1: Cumulative investment in LED and smart streetlights
Figure 5.2: Global LED and smart streetlight penetration rate
Figure 5.3: Common types of LED streetlight fixtures
Figure 5.4: Average cost per streetlight of smart LED projects
Figure 5.5: LED streetlight forecast by lamp type
Table 5.4: LED streetlight forecast data by type
Figure 5.6: LED streetlight forecast with installation separate
Table 5.5: LED streetlight forecast data by region
Figure 5.7: Regional LED streetlight forecast (cumulative)
Figure 5.8: Regional LED streetlight forecast (annual)
Figure 5.9: Regional smart streetlight forecast (cumulative)
Table 5.7: Smart streetlight forecast data by region
Figure 5.10: Regional smart streetlight forecast (annual)
Figure 6.1: Annual LED streetlight value in leading markets
Figure 6.2: Annual smart streetlight value in leading markets
Leading markets snapshots
United States
China
Japan
Germany
Brazil
India
Mexico
France
United Kingdom
Turkey
South Korea
Italy
Figure 7.1: Global streetlight networking market share (deployed and announced)
Figure 7.2: Global streetlight networking market share (deployed end of 2017)
Figure 7.3: Comparison of networked streetlight market share in 2016 and 2017
Figure 7.4: Streetlight networking market share in the Americas
Figure 7.5: Streetlight networking market share in EMEA
Figure 7.6: Streetlight networking market share in Asia-Pac
Table 7.1: Leading smart streetlight communications vendors
Table 7.2: Notable smart streetlight partnerships in the past year
Table 7.3: Streetlight vendor partnerships
Figure 7.7: Smart lighting value chain
Table 7.4: Streetlight communications vendors
Table 7.5: Streetlight control hardware vendors
Table 7.6: ESCOs and smart city integrators
Table 7.7: General LED lighting vendors
Figure 7.7: Location of smart streetlight vendors
Table 7.8: LED chip vendors
Figure 7.8: Relative manufacturing costs of LED components
Table 7.9: LED wafer vendors
Table 7.10: LED phosphor vendors
Table 7.11: LED driver vendors
Figure 8.1: LED and smart streetlight forecast methodology
Figure 8.2: Streetlight directional control
Table 8.1: LED streetlight benefits
Figure 8.3: Response to LED streetlight projects from Northeast Group survey
Table 8.2: Different types of streetlight luminaires
Figure 8.4: Types of streetlights in Brazil
Figure 8.5: Smart streetlight model
Table 8.3: Smart infrastructure market segments
Figure 8.6: Smart infrastructure overview
Table 8.4: Communications technologies
Figure 8.7: Smart grid value chain

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