Guidehouse Insights has named Itron, Telensa and Signify as the leading smart street lighting vendors.
The three companies have strong product portfolios that are recognised in the market as being reliable, mature, and of high-quality.
Ryan Citron, senior research analyst with Guidehouse Insights, said: “These vendors have clear, compelling visions that are effectively communicated to the industry and a strong market presence through the deployment of large-scale connected street lighting projects in multiple world regions.”
According to Guidehouse Insights’ new Leaderboard Report, the global market for smart street lighting will be worth $992 million in 2020, growing to more than $8.3 billion by 2029.
Over the past 2 years, millions of control nodes have been added to street lights globally. With more applications being added to street lighting networks, new revenue streams are available to industry players and cities that capitalise on these opportunities.
Utilities and cities are increasingly deploying smart street lighting technologies as part of smart cities and smart grids projects.
Guidehouse Insights has judged 18 smart street lighting vendors on 10 criteria: vision; go-to-market strategy; partners; product strategy; geographic reach; market presence; sales, marketing, and distribution; product features and portfolio; product integration; and staying power.
Click here for more information about the report.