Jul 1, 2022   SOURCE: BusinessWire

Global Connected Street Light Market Report (2022 to 2027) - Featuring AMS, General Electric and Hubbell Among Others - ResearchAndMarkets.com

The "Global Connected (Smart) Street Light Market (2022-2027) by Component, Energy Source, Type, Connectivity, Networking Technology, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Connected (Smart) Street Light Market is estimated to be USD 60.14 Bn in 2022 and is projected to reach USD 104.15 Bn by 2027, growing at a CAGR of 11.61%.

Market dynamics are forces that impact the prices and behaviors of the Global Connected (Smart) Street Light Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Connected (Smart) Street Light Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The report analyses the Global Connected (Smart) Street Light Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Connected (Smart) Street Light Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

4 Market Dynamics

4.1 Drivers

4.1.1 Increasing Development of Smart Cities

4.1.2 Increasing Demand for Energy-Efficient Systems

4.1.3 Expanding investment in LED and Smart Street Lighting

4.1.4 Growing Demand for IoT-Enabled Lighting Fixtures and Smart Lighting Solutions

4.2 Restraints

4.2.1 High Initial Setup Cost

4.3 Opportunities

4.3.1 Technology Advancements in the Smart Street Lighting such as Developments in the Wireless Technologies

4.3.2 Initiatives Taken by Utility Companies and Government Institutions

4.4 Challenges

4.4.1 Security Concern

Market Segmentations

The Global Connected (Smart) Street Light Market is segmented based on Component, Energy Source, Type, Connectivity, Networking Technology, Application, and Geography.

  • By Component, the market is classified into Hardware, Software, and Services.
  • By Energy Source, the market is classified into Solar and Traditional & Renewable Energy.
  • By Type, the market is classified into CFL, Incandescent, and LED.
  • By Connectivity, the market is classified into Wired and Wireless.
  • By Networking Technology, the market is classified into Narrowband, Medium Band, and Broadband.
  • By Application, the market is classified into Environmental Monitoring, Traffic Monitoring, and Video Surveillance.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Companies Mentioned

  • AMS
  • Axiomtek
  • Cisco System
  • Citelum
  • Delta Electronics
  • Eaton
  • General Electric
  • Honeywell International
  • Huawei Technologies
  • Hubbell
  • Itron
  • Philips
  • Lutron Electronics
  • Osram Licht
  • Schreder
  • Signify
  • Syska
  • Tech Mahindra
  • Telensa
  • Trilliant
  • Wipro Enterprise

For more information about this report visit https://www.researchandmarkets.com/r/z6qgvf