Sep 26, 2023
Market Overview
1. Rapid growth in market size: The street light management industry has developed rapidly in recent years, and the market size is constantly expanding. According to statistical data, the global street light management market value reached $30 billion in 2019 and is expected to grow to $50 billion by 2025.
2. Broad Development Prospects: With the acceleration of urbanization and the continuous application of intelligent technology, the street light management industry has broad development prospects. It is expected that by 2025, the global number of urban street lights will reach 200 million, with intelligent street lights accounting for over 30%. Meanwhile, the compound annual growth rate of intelligent street lights is expected to reach over 15%.
3. Technological innovation drives market growth: The application of emerging technologies has brought new growth drivers to the street light management industry.
For example, the introduction of intelligent lighting technology has made street light management more efficient and energy-efficient, improving urban energy utilization efficiency. At the same time, the continuous development of technologies such as the Internet of Things, cloud computing, and artificial intelligence has also provided more innovation opportunities for the streetlight management industry.
Smart street lights are street lights that achieve remote centralized control and management of street lights through the application of advanced, efficient, and reliable power line carrier communication technology and wireless GPRS/CDMA communication technology. Smart street lights have functions such as automatic brightness adjustment based on traffic flow, remote lighting control, active fault alarm, anti-theft of lamp cables, remote meter reading, etc., which can greatly save power resources and improve the level of public lighting management, Save maintenance costs.
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