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Global street lighting expected to hit $13.7 billion by 2026

A new report has suggested that the street lighting market is expected to experience major growth.

According to the Global Street and Roadway Lighting report, the global street lighting market was worth $3.8 billion in 2017 and is expected to be worth $13.7 billion by 2026.

The use of IoT technology in the streetlighting industry is a major trend which is driving the growth of the market.

However, other factors include the growth in popularity of LED’s, the need for intelligent solutions, and the modernisation and development of infrastructure to make smart cities.

Europe is expected to hold the largest share of the street and roadway lighting market, with LED lights and luminaires accounting for the majority.

Enhancing existing streetlight infrastructure with LoRaWAN enabled ecosystems helps local authorities control and monitor their entire system remotely and more intuitively.

The introduction of IoT technology can also reduce energy consumption and maintenance costs, helping local authorities achieve ROI. 

Pinacl have been working with Aberdeen City Council to implement Scotland's first LoRaWAN intelligent street lighting solution.

Over 3,500 lighting controllers will be installed, along with a corresponding LoRaWAN network and lighting Configuration Management System (CMS). 

Implementing this solution along with switching to LED lights, Aberdeen are aiming to reduce their energy consumption by 60%.

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