India’s fast-developing public infrastructure, demand for roads and highways, smart cities and smart homes are driving adoption of smart street-lighting in a big way. According to Infoholic Research, the Smart Street-Lighting Market in India is estimated to grow at a CAGR of 42 percent and to aggregate $1,868 Million by 2022.
Infoholic Research LLP, a global market research and consulting organization, has published a study titled “Smart Street-lighting Market in India: Drivers, Opportunities, Trends, and Forecasts, 2016-2022” (June 2016).
According to Infoholic Research, smart street-lighting will change lifestyles across the world. In India, smart street-lighting is at the nascent stage and is expected to grow rapidly over the next two years. New installation projects for smart street-lighting have been launched starting 2015 and many more projects for replacing street-lights are expected in the coming years in urban and rural areas of India. As a result, the major share of revenues for India are expected to be realized from urban zones, which are expected to aggregate $ 1,304.8 million in smart street-lighting spending by CY 2022 due to growing urbanization in the country.
“Smart Cities and Smart Homes are expected to drive the smart street-lighting market and also ensure the penetration of cloud-based smart street-lighting in the near future. Due to long gestation RoI estimates, more and more smart street-lighting projects are likely to be implemented via the PPP model,” stated Tariq Ahmed Shaik, Research Manager at Infoholic Research.
Smart street-lighting Network Components are classified as sensors, ballasts and lamp controllers. At present, sensors have the major share of the network components market and are expected to continue to dominate the market in the coming years. The India Smart Street-lighting Network Components market is expected to reach $ 674.6 million by CY 2022.
Connectivity Technologies used in street-lights help in real-time monitoring of the street. This leads to better provisioning of security for common road-users. Currently, Wi-Fi, Bluetooth, Power Line Communication (PLC) and Radio Frequency (RF) technology are used and it is expected that in the coming years, Wi-Fi enabled poles will be used in order to provide better connectivity services to the ‘always on’ citizen.
For the Connectivity Technologies segments in India it is expected that Wi-Fi will be the fastest growing technology, growing at CAGR of 42.88 percent followed by Bluetooth (42.47 percent) and radio frequency (42.21 percent) by CY 2022.
“Smart street-lighting provides improved visibility, environment-friendly and energy saving solutions. Governments, municipalities, and local bodies are widely expected to shift their focus to smart street-lights to cut down power consumption and maintenance costs,” added Sathya V, Research Analyst at Infoholic Research.