Maharashtra, India -- (SBWIRE) -- 03/23/2019 -- Smart Street Lighting Market
Summary
India is one of the biggest smart lighting markets in Asia Pacific. It is predicted that the investments in smart lighting will double in the country and around 27.5 million street lamps will be replaced with LED lamps in the coming 2-3 years.
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Technological Advancements
One of the key reasons for replacing the traditional high-intensity discharge lamps (HID) is that they consume a lot of energy and generate a lot of heat. Thus, with the growing awareness and to reduce the carbon footprints, the government has started replacing the traditional street lights with smart street lights. Andhra Pradesh (AP) and Himachal Pradesh (HP) have started working on the smart street lighting projects. These smart street lighting poles can be turned "ON" or "OFF" through the smart devices. Most of the smart poles are enabled with motion sensors which turn "ON" whenever there is a movement near the pole.
According to Infoholic Research, the "Smart Street Lighting Market in India" will grow at an estimated CAGR of 42.2% during the forecast period 2016–2022.
Key players covered in the report are GE Lighting, Philips Lighting, Acuity Brands, Osram Licht AG, Eveready Industries India Ltd., Bajaj Electricals, Havells India Ltd., and SYSKA LED Lights. The report provides a comprehensive review of connectivity technologies, lighting lamps, and network components, upcoming and on-going smart street lighting projects in the country.
The study covers and analyzes the "Smart Street Lighting" market in India. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.
Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.
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Key Benefits:
1.The research report provides a detailed analysis of the Smart Street Lighting Market along with the current and future growth prospects so as to shed light on the prominent investment pockets.
2.Information regarding key growth factors, constraints, and opportunities, along with their impact analysis on the Smart Street Lighting Market is provided.
3.Porter's fives forces analysis elaborates the effectiveness of buyers and suppliers operating in the market, globally and regionally.
4.The qualitative and quantitative analysis of the market from 2019 to 2022 is provided to put forth the market potential.
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Key questions answered in the report include:
What will the market size and the growth rate by the end of the forecast period?
What are the key industry trends impacting the growth of the market?
What are the key factors driving and restraining the Smart Street Lighting market?
What are the challenges to market growth?
What are the market opportunities and threats faced by the key players in the market?
Who are the leading competitors functioning in the market for Smart Street Lighting?
What are the key outcomes of Porter's five forces analysis of the Smart Street Lighting market?
Conclusion:
The report concludes with the profiles of major players in the Smart Street Lighting Market. The foremost market performers are accessed on the basis of various parameters such as company overview, product portfolio, and do on., as well as the latest development trends of the Market.
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