Street lighting to lead smart cities market with $50.4bn investment by 2028
WASHINGTON, April 30, 2019 /PRNewswire/ -- Smart street lighting continues to solidify its position as the foundational layer for broader smart city projects.
- WASHINGTON, April 30, 2019 /PRNewswire/ -- Smart street lighting continues to solidify its position as the foundational layer for broader smart city projects.
- According to Northeast Group's Global Smart Street Lighting & Smart Cities: Market Forecast (2019-2028), Volume V study, total investment in LED and smart streetlights, as well as additional smart city sensors attached to streetlights, will reach $50.4bn over the next decade.
- "LED and smart street lighting projects have always represented enormous efficiency opportunities for cities, with savings typically reaching over 65%," said Chris Testa, research director at Northeast Group.
- For further information on the study, please visit: www.northeast-group.com
ABOUT: Northeast Group, LLC is a Washington, DC-based smart infrastructure market intelligence firm.