Smart lighting is a rapidly growing market and will show huge growth over the next few years, according to a new analysis.
Research and Markets expects the global market for smart lighting to reach $8.14 billion (£5.5 billion) by 2020, growing at a compound annual rate of 22.07% between 2015 and 2020.
According to the firm’s new report, the demand for intelligent lighting controls for smart lighting is growing at a tremendous rate, boosted by falling prices for energy-efficient lighting technologies, government bans on inefficient lighting and the evolution of novel wireless technology.
The research firm also highlighted the potential to integrate smart street lighting with other important systems such as traffic signals, energy meters, pollution sensors, car park lights and traffic sensors to form a smart city.
In the UK, one of the latest installations of smart street lighting is taking place in Gloucestershire after the County Council signed a deal with Telensa, a provider of end-to-end smart city solutions that use low power Ultra Narrow Band (UNB) wireless technology.
Telensa said last week that the deployment will involve the installation of 55,000 LED streetlights across the county, over an area of approximately 1,000 square miles.
The new streetlights are wirelessly connected and controlled using Telensa’s PLANet Central Management System. This enables the County Council to adjust lighting levels in response to local events, or over time to meet changing needs. It also allows further IoT applications to be added quickly and cost-effectively. For example, connected streetlights can be used as a communications hub for sensors such as traffic radar, to connect new control applications such as smart parking, or to integrate lighting-based analytics with other smart city systems.
Gloucestershire County Council expects its smart street lighting project to deliver savings of approximately £17 million over 12 years and reduce annual energy consumption by 7,000 carbon tonnes.