Connected (Smart) Street Lights Market: Lack of Favorable Environment to Restrain the Market from Growing
The connected (smart) street lights market is primarily driven by the ability of connected (smart) street lights to address the imperfections of traditional street lights. Traditional lighting systems which are at present the de facto standard for street lighting is associated with configuration challenges, extraordinary cost, and interoperability issues that connected (smart) street lights can address. Apart from this, the development of smart cities across several countries around the world is leading utility companies and government institutions to look for smart lighting technologies that can help reduce costs, reduce carbon emissions, and help boost overall efficiency. Smart (connected) lighting systems can substantially reduce energy consumption as it can be incorporated with various sensors such as natural light sensors occupancy sensors, and motion sensors. With the moderate pace of advancement of technologies that are used in connected (smart) street lights and the ...