Florida, May 8, 2016: With its recently published study, “Smart Street Lighting Market: Trends & Forecasts: 2016–2022”, MRE predicts that Smart Street Lighting market will witness a huge two-fold growth in Europe and APEJ in the near future. As per the study, Smart Street Lighting market will see a significant growth in the coming years due to the growing number of global smart cities, increase in government investments and growing awareness regarding energy efficient lighting solutions. The RF technology and Wi-Fi network technologies will continue to be preferred technologies in the Smart Street Lighting market.
“The Smart Street Lighting Market is a rapidly growing market and it is estimated to reach $39.80 billion by 2022”.
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“Smart Cities and Smart Homes will drive the Smart Street Lighting market and also ensure the penetration of cloud based Smart Street lighting in the near future. Due to huge ROI estimations, more and more smart street lighting projects are handled by PPP model”.
“Wifi enabled LED lighting street light poles will dominate the Smart Street Lighting market by 2022 especially in the developed economies”.
The report aims to highlight key insights from vendors and end users. The report provides an in-depth analysis and forecast of the industry covering the following key features:
• Connectivity Technologies, Lighting Lamps and Network Components.
• Ongoing and upcoming street lighting projects across the globe.
• The market is divided into four regions: America, Europe, Asia-Pacific, and Middle East & Africa (MEA).
• Competitive benchmarking analysis to optimize short term and long term strategy of the organisations.
• Stakeholders’ insights and key trends (current and future) of the market.
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