Albany, New York, June 24, 2019: Over the years, urban areas have been dealing with soaring carbon emissions and energy consumption. Owing to limited dimming control and low efficiency, current street light is futile concerning energy spending. Necessity is the mother of invention, as such, it has become prudent and apt to design a new smart lighting system that is environmentally friendly and more efficient. Smart light such as LED street lights integrate technologies— ZigBee wireless network, Passive Infrared (PIR) and dimmable LEDs.
These actionable insights are according to the intelligence report, titled, “Connected (Smart) Street Light Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been of late added to Market Research Reports Search Engine’s (MRRSE) exhaustive repository.
Accordingly, companies are vying to minimize the overall costs of the street lighting and the carbon footprint by integrating wireless technology and dimmable light-emitting diodes. Manufacturers tend to opt for ZigBee wireless technology which has a decentralized nature, thereby facilitating data to be transferred across long distance. Further, the wireless technology has low power consumption vis-à-vis Wi-Fi. As such, wireless segment is slated to reign the connected (smart) street light market with a notable growth rate of over 21% by 2026-end.
Europe is set to rule the roost for it is witnessing robust developments in the Internet of Things (IoT) and its integration with other devices. Accordingly, the region is set to expand at a growth rate of over 19% during the assessment period. With rapid adoption of connected (smart) street light in India and China, Asia Pacific is slated to hold dominant share in the market.
Connected (Smart) Street Light Market: Report Content
Quantitative and qualitative analysis reinforce the report on the connected (smart) street light market. Further, the report exhaustively delineates the various aspects of the market which are expected to have influence on the thriving of the connected (smart) street light market. Those aspects incorporate drivers, opportunities, trends, and restraints. Nevertheless, the report also peruses on segregation of the market that aims at offering an in-depth assessment on produced water treatment.
The robust and deep-dive analysis of the competitive scenario of the connected (smart) street light market hinges upon Porters’ Five Force Analysis. Moreover, the Porters’ Five Force Analysis offers comprehensive assessment on the potential strategies of the well-established players in the connected (smart) street light market. Furthermore, the business strategies relies on company overview, product portfolio, recent development, SWOT analysis, and key differentiation.
Connected (Smart) Street Light Market: Research Methodology
Primary research and secondary research substantiate the report on connected (smart) street light market, which thrives at offering intelligence and in-depth assessment on the market. In light of it, the report provides veracious projections, deep-dive insights having bearing on the historical data and market size. The report counts on primary sources that is accentuated by honest and intelligent analysis from well-grounded experts, telephonic interview and thorough analysis from seasoned analyst, and surveys. In addition, the secondary sources incorporates EC filing, Factiva, press release, trade journals, governmental websites and resourceful database.
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