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[ Chemical Machinery Equipment Network Market Analysis ] As the global smart city projects show continuous prospects, but also face unbalanced prospects, their basic layer-smart street lighting-continue to show steady growth, large-scale The project is now being carried out in almost all regions of the world.
This is based on a new study released by the market intelligence company Northeast Group.
Chemical machinery and equipment network market analysis chemical machinery and equipmentThis is based on a new study released by the market intelligence company Northeast Group.
In the next ten years, the total investment in LED and smart street lighting and additional smart city sensors attached to street lighting infrastructure will reach 28.
1 billion U.
S.
dollars.
sensor1 billion U.
S.
dollars.
According to Volume VI of Global Smart Street Lighting and Smart Cities: Market Forecast (2020-2029), more than a quarter of the world's street lights are converted to LEDs, and more than 10 million smart street lights are connected to the Internet, excluding China and India.
With the development of the market, the supplier structure is still very fragmented, and the time for integration is ripe.
At present, the market also includes some suppliers that mainly focus on software components of smart street lights.
By 2029, the annual recurring revenue of smart street lights will exceed 200 million US dollars.
By 2029, the annual recurring revenue of smart street lights will exceed 200 million US dollars.
Including LED lighting and other smart city infrastructure, hundreds of suppliers are active in this market.
ChrisTesta, research director of Northeast Group, said: "The challenges of 2020 have strengthened some of the key trends that the smart street light market has developed.
"
"
Original title: Smart street lamp investment will reach 28.
1 billion US dollars by 2029
1 billion US dollars by 2029
