The “smart” street lighting market in India is expected to grow at an annual rate of 42.2 per cent to reach USD 1,868.9 million by 2022 as adoption of LED and solar powered systems rises in the country, a report said.
According to Infoholic Research, India’s fast-developing public infrastructure — demand for roads and highways, smart cities and smart homes — is driving adoption of smart street-lighting.
“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,” the report said.
As a result, a major share of revenues is expected to be realised from urban zones, which are expected to aggregate USD 1,304.8 million in smart street-lighting spending by CY2022.
Network components is expected to be about USD 674.6 million, while connectivity technologies and lighting lamps are estimated to touch USD 412.6 million and USD 127.3 million, respectively.
“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,” Infoholic Research Research Manager Tariq Ahmed Shaik said
Sathya V, Research Analyst at Infoholic Research, said governments, municipalities, and local bodies are widely expected to shift their focus to smart street-lights to cut down power consumption and maintenance costs. Kurt Warner Authentic JerseyShare This