Smart street lighting deployments will help cities worldwide achieve cumulative energy savings of USD 15 billion by 2023, according to new data from Juniper Research.
These savings will be achieved through a combination of swapping to energy-efficient LEDs and by adding connectivity to monitor and control the status of individual lights. The research shows that connected street lights will grow on average by 42 percent per annum between 2019 and 2023, reaching almost 70 million units worldwide.
One of the drivers behind open Smart City platforms
The research found that many cities are now moving away from point solutions, towards platform procurement. It argued that street lighting platforms would serve as the entry point for a number of cities looking to deploy smart city projects.
“The cost savings enabled by smart street lighting mean that many cities will look to this as a first-stage smart city project”, remarked research author Steffen Sorrell. “Choosing an open platform will be key here, as additional services can be launched from the same point, while simultaneously driving up third-party vendor competition.”