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Signify and Elektron have so far replaced 500 of the 1,000 streetlights with energy-efficient LEDs and connected 250 of those to its wireless lighting system.

The Metropolitan Government is planning to deploy a city-wide Internet of Things network as part of its plan to create one of the world’s first hyper-connected cities by 2022.

As well as control and manage the city’s lighting, the T-Light Galaxy Network from ST Engineering will provide a backbone for more advanced smart city applications.

Smart cities will be a major driver of the expansion with APAC expected to register the highest incremental growth due to increasing technology awareness by governments.

On average the projects are saving the municipalities almost 70 per cent in annual kWH hours and reducing consumption by more than 2.3 million kWh annually.

Cimcon’s latest round of funding includes a revenue-sharing facility that it claims will enable its city customers to deploy smart initiatives with "minimal" upfront costs.