With connected technology and the Internet of Things becoming an integral part of everyday life, we are seeing rapid development of a whole host of technologies aimed at making cities ‘smarter’ and ultimately more efficient.
The market for connected street lighting is currently worth around $104 million. However, IHS predicts that world shipments of connected street lights will increase fourfold over the next five years, increasing the size of the market to almost $450 million in 2018.
The municipal street lighting system in a city is said to account for around 40 percent of a city’s total energy budget. By replacing traditional street lighting systems with intelligent, connected luminaires and energy efficient LED bulbs, the energy consumption from street lighting can be reduced by up to 80 percent. LED bulbs also have a greatly increased life expectancy over traditional non-LED technologies. Replacing a street light is an expensive and time-consuming task, so by increasing the life expectancy of the bulb, the municipality can save significantly on the maintenance costs of the system...Read More