Smart street lighting market stays fragmented as Signify leads

By AI, Created 1:06 PM UTC, May 20, 2026, /AGP/ – The smart street lighting market remains highly fragmented, with the top 10 suppliers holding just 8% of revenue in 2024 and Signify Holding leading global sales with a 1% share. The report points to solar-powered LEDs, IoT controls, and AI monitoring as the main tools companies are using to win municipal and smart city contracts.

Why it matters: - Smart street lighting sits at the intersection of energy savings, public safety, and smart city infrastructure. - The market’s fragmentation leaves room for specialized lighting makers, IoT providers, and city technology vendors to compete for municipal and utility contracts. - The shift toward connected, solar-powered, and remotely managed lighting systems is changing how cities upgrade street infrastructure.

What happened: - The Business Research Company said Signify Holding led global smart street lighting sales in 2024 with a 1% market share. - The report said the top 10 players accounted for 8% of total market revenue in 2024. - The report named Signify Holding, Itron Inc., Telensa Limited, Schneider Electric SE, Siemens AG, Osram Licht AG, Acuity Brands Lighting Inc., Honeywell International Inc., Eaton Corporation PLC and Hubbell Lighting Inc. as leading companies. - The report also listed a broader set of major market participants, including Cisco Systems, Huawei Technologies, Quantela, Tvilight Smart City Lighting, Petra Systems, and SYSKA LED Lights. - Access the detailed smart street lighting market report

The details: - Signify’s smart lighting division offers connected LED lighting systems, street lighting controls, IoT-enabled lighting management platforms, and energy-efficient urban lighting solutions. - The report said the market is fragmented because of interoperability requirements, energy-efficiency standards, high deployment costs, and the need for reliable long-term connectivity in cities. - Major raw material suppliers include Nichia, Seoul Semiconductor, Everlight Electronics, Bridgelux, Seoul Viosys, Toyoda Gosei, ams-OSRAM, Texas Instruments, STMicroelectronics, NXP Semiconductors, Infineon Technologies, and Analog Devices. - Major wholesalers and distributors include Rexel, Sonepar, WESCO International, Graybar, HD Supply, Fastenal, W.W. Grainger, Ferguson, City Electrical Factors, RS Group, Future Electronics, Arrow Electronics, Avnet, Ingram Micro, and ScanSource. - Major end users include Transport for London, Singapore Land Transport Authority, Los Angeles Bureau of Street Lighting, New York City Department of Transportation, Barcelona City Council, Dubai Municipality, Tokyo Metropolitan Government, Beijing Municipal Commission of Transport, Mumbai Smart City Development Corporation, and National Highways Authority of India.

Between the lines: - Solar-powered LED street lighting is emerging as a key competitive trend because it supports energy-efficient illumination, remote diagnostics, and flexible deployment. - Companies are leaning on IoT controls, modern urban lighting infrastructure, and AI-driven monitoring to improve energy optimization and operational reliability. - The report’s market structure suggests that scale alone is not enough; cities appear to value integration with broader smart city systems and dependable long-term service. - The emphasis on strategic collaborations and regional expansion suggests competition is likely to intensify around public sector projects and infrastructure partnerships.

What’s next: - The report expects demand for energy-efficient urban infrastructure, intelligent traffic and public safety solutions, and scalable smart street lighting systems to keep growing. - The report said strategic collaborations, product innovation, and regional expansion should strengthen the position of leading companies. - In March 2026, Los Angeles launched a street light initiative to repair and replace 60,000 streetlights using solar-powered and smart energy-efficient lighting systems. - The Los Angeles initiative integrates off-grid solar units, battery backup, and digital monitoring to improve illumination, maintenance response, urban safety, and operational efficiency.

The bottom line: - Smart street lighting is becoming a core piece of city digitization, but the market remains open enough for multiple players to win with specialized technology and municipal partnerships.