Background of Smart LED Street Lighting Development

During the forecast period from 2021-2026, the global Smart LED street lamp market is expected to grow at a compound annual growth rate of 27%.

Smart LED street lights can automatically dim and brighten according to weather changes, vehicle traffic, and pedestrian and animal passages. These LED lights can measure air pollution levels, warn of increased air toxicity, monitor traffic, and reduce crime rates through embedded cameras and sound detectors.

Market analysis of Smart LED Street Light

The increasing number of smart cities is one of the main market trends affecting the development of the smart LED street lighting industry. The rise of global smart cities has increased the demand for smart connected appliances, including smart street lights. A smart street light network developed on a scalable platform can enhance road safety and reduce accident opportunities. Some market providers are cooperating with local governments to build smart cities. In addition, the increasing awareness of energy conservation and effective lighting methods are attracting the attention of participants in the smart street lighting industry. In addition, the growth of sensors and wireless systems in smart lighting is expected to drive market growth. And the fastest developing market is in North America, Latin America, Europe, the Middle East and Africa, and the Asia-Pacific region.

TrendForce's latest "2020 Global LED Lighting Market Report-Light LED and LED Lighting Market Trend" shows that by 2024, the global LED smart street lamp market is expected to reach 1.1 billion U.S. dollars, with a compound annual growth rate of 8.2 in 2019-2024. %. (The scale of the smart LED street lamp market includes only lamps and single lamp control systems.)

From the perspective of the construction cost of smart street light projects, TrendForce said that in general, smart light poles mainly include 6 core functions: 1) smart lighting, 2) information release, 3) security monitoring, 4) environmental testing, 5) Charging station, 6) 5G micro-station platform.

TrendForce believes that the further the smart street lamp goes to the downstream industry chain, the greater its added value. LED lighting manufacturers should build on their existing advantages, strengthen system service capabilities, broaden the integration strength of LED lighting products, improve their own comprehensive service levels, and enter the supply system. At the same time, the government needs to clarify the standards of smart street lights and conduct comprehensive design in smart city planning to provide a reliable basis for the development of the LED smart street light industry.

For we Xindeco Lighting, with background of state-owned and public company, who have more than 14-year experience in LED industry manufacture, R&D, sales, etc, our integration of LED Street Lighting and Smart System is always in progress, our team are always ready for your any enquiry.