The study hails the arrival of smart cities with LED and smart street lighting market set to be worth $64.2bn by 2027
Connected street lighting and smart city applications company, Telensa, has been named as the global market share leader in smart street lighting for the second year running in an independent study by Northeast Group LLC.
The fourth edition of Global LED and Smart Street Lighting includes market share data on leading vendors, cost-benefit analyses, case studies, and 10-year market forecasts for 125 individual countries.
By 2027 there will be 363 million streetlights in the world, and smart streetlighting will account for 29 per cent of them, in a total LED and smart street lighting market worth $64 billion. The study reveals that Telensa has retained its market share lead over Silver Spring Networks, Philips Lighting and Echelon, with almost double the number of deployed smart streetlight nodes as its nearest competitor.
"Telensa is the global market share leader in smart street lighting, systems that represent the next wave of large-scale smart city IoT deployments," said Ben Gardner, president of Northeast Group. "In the past few years, smart streetlights have progressed from a nascent market to established early deployments of smart city infrastructure, as cities across the globe have embraced the technology.”
Telensa is behind the world’s largest smart streetlighting deployment in the US, and has been awarded significant new city and regional projects over the last year, the latest being with Wellington in New Zealand. The company’s revenues have grown by 90 per cent since 2016, and are three times those reported for 2015.
Telensa also recently triumphed at Amazon’s Growing Business Awards, being named Growing Business of the Year at with a turnover between £10m-£25m.
Over the past 12 months the company has consolidated its position as the global market leader in smart street lighting, unlocking the potential for a range of low-cost smart city applications. With well over a million lights connected around the world, this year the company turned a profit of £3m on revenues of £23m. Telensa’s revenues have grown by 90 per cent since 2016, and are three times those reported for 2015.
Telensa’s smart streetlight system claims to pay for itself in reduced energy and maintenance costs, improves quality of service through automatic fault reporting, and enables LED streetlight output to be dynamically controlled. And the streetpole-based wireless network allows multiple sensor applications to realise the potential of the data-driven city.
If you like this, you might be interested in reading the following:
Wellington City Council selects Telensa for its smart street light management system
Wireless solution saves money by connecting and managing LED streetlights and provides a low-cost platform for smart city applications
Telensa shifts production from Asia to the UK
The Sony Centre will manufacture 250,000 wireless street light controllers a year by the end of 2017
Telensa joins smart council
Telensa’s technology is deployed in more than 50 city and regional networks in eight countries