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Analysis of the status quo of the global smart street lighting market
by：ALLTOP
2021-04-13
From 2016 to 2020, the global smart street lighting market is estimated to increase at a compound annual growth rate of 19%. The global smart street lamp market is subdivided into two products, fluorescent lamps and LED lamps. Now the mall is dominated by fluorescent lights, accounting for 62% of the mall.
The rapid increase of smart street light shopping malls is primarily to meet the increasing demand, reduce the power consumption of street lights, and ensure the safety of residents and pedestrians. In 2015, the Asia-Pacific region accounted for 46% of the mall, Europe, the Middle East and Africa accounted for 30%, and the Americas accounted for 23%.
Asia-Pacific region: The Chinese and Indian governments adopt incentives to promote growth
The Asia-Pacific region has the largest market share. This is mainly due to the promotion of energy-saving lamps in countries such as India and my country. In addition, my country, Japan, South Korea, and Taiwan have many LED chip and packaging factories.
The Indian government is dedicated to the development of smart cities, aiming to build at least 100 smart cities by 2030. Unlike traditional street lights, solar LEDs are extremely cost-effective. Because they do not need to be connected to the grid, they are very feasible in sunny countries and are an ideal choice for off-grid use. Even after dark, smart street lights in remote areas can still operate normally, which will improve the living standards of local citizens. These elements will promote active equipment solar LED street lights in 1,000 villages. Many villages in India, my country and Africa have installed solar LED street lights.
Europe, Middle East and Africa: Africa's smart street light shopping malls have huge growth potential
In 2015, Europe was the second largest revenue contributor to the global solar street lighting market. Shopping malls are primarily driven by the government's power efficiency and renewable power policies, which in turn promote the equipment of European smart street lights. In the UK, street lights account for about 40% of the power consumption. Therefore, the government authorities combine solar energy and LED lights. This program helps to reduce CO2 emissions and saves power costs together. Philips has launched a smart street light product that can help change the traditional lighting used in energy-saving street lighting systems.
Southern Europe and the Middle East are sunny, and off-grid systems can be used.
The Egyptian government is installing smart street lights to reduce the load on the grid. Many regions in Africa still rely on traditional lighting. Several cities in this area have been equipped with smart street lighting systems, which have improved the social and economic conditions of the rural and urban population.
Americas: Brazil and the United States have the highest demand for smart street lights
The U.S. government vigorously promotes the energy-saving industry. The cost of LEDs and solar panels has fallen, and improved functions have promoted the equipment of smart street lights in the United States. In 2016, Las Vegas cooperated with EnGoPLANET, a New York company, to install smart street lights to change the traditional power and use new sustainable and renewable power.
Although the United States dominates the smart street light market in North America, Brazil is in a leading position in the smart street light market in South America. Brazil has invested heavily in LED street lights since 2013. Brazil's R20Hub is a leading large-scale LED street lighting solution. The policy covers 1.5 million street lamps in 13 cities across the country to reduce the pressure on the power grid.
The rapid increase of smart street light shopping malls is primarily to meet the increasing demand, reduce the power consumption of street lights, and ensure the safety of residents and pedestrians. In 2015, the Asia-Pacific region accounted for 46% of the mall, Europe, the Middle East and Africa accounted for 30%, and the Americas accounted for 23%.
Asia-Pacific region: The Chinese and Indian governments adopt incentives to promote growth
The Asia-Pacific region has the largest market share. This is mainly due to the promotion of energy-saving lamps in countries such as India and my country. In addition, my country, Japan, South Korea, and Taiwan have many LED chip and packaging factories.
The Indian government is dedicated to the development of smart cities, aiming to build at least 100 smart cities by 2030. Unlike traditional street lights, solar LEDs are extremely cost-effective. Because they do not need to be connected to the grid, they are very feasible in sunny countries and are an ideal choice for off-grid use. Even after dark, smart street lights in remote areas can still operate normally, which will improve the living standards of local citizens. These elements will promote active equipment solar LED street lights in 1,000 villages. Many villages in India, my country and Africa have installed solar LED street lights.
Europe, Middle East and Africa: Africa's smart street light shopping malls have huge growth potential
In 2015, Europe was the second largest revenue contributor to the global solar street lighting market. Shopping malls are primarily driven by the government's power efficiency and renewable power policies, which in turn promote the equipment of European smart street lights. In the UK, street lights account for about 40% of the power consumption. Therefore, the government authorities combine solar energy and LED lights. This program helps to reduce CO2 emissions and saves power costs together. Philips has launched a smart street light product that can help change the traditional lighting used in energy-saving street lighting systems.
Southern Europe and the Middle East are sunny, and off-grid systems can be used.
The Egyptian government is installing smart street lights to reduce the load on the grid. Many regions in Africa still rely on traditional lighting. Several cities in this area have been equipped with smart street lighting systems, which have improved the social and economic conditions of the rural and urban population.
Americas: Brazil and the United States have the highest demand for smart street lights
The U.S. government vigorously promotes the energy-saving industry. The cost of LEDs and solar panels has fallen, and improved functions have promoted the equipment of smart street lights in the United States. In 2016, Las Vegas cooperated with EnGoPLANET, a New York company, to install smart street lights to change the traditional power and use new sustainable and renewable power.
Although the United States dominates the smart street light market in North America, Brazil is in a leading position in the smart street light market in South America. Brazil has invested heavily in LED street lights since 2013. Brazil's R20Hub is a leading large-scale LED street lighting solution. The policy covers 1.5 million street lamps in 13 cities across the country to reduce the pressure on the power grid.
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