The growth trend of smart street lights

In recent years, China's smart street light market has shown a rapid growth trend, mainly due to the advancement of smart city construction, technological innovation and policy support. The following is an analysis of the growth trend of smart street lights in the Chinese market:

Market size is growing rapidly

In 2021, the market size of smart light poles in China has reached 4.624 billion yuan, with an annual growth rate of nearly 100%.

In 2024, the market size of smart street lights in China will reach 3.023 billion yuan.

Forecast for 2025: According to the report of China Research Institute of Industry, the market size of smart street lights in China is expected to exceed 16 billion yuan, and may even reach 100 billion yuan.

Growth drivers

Policy support: The Chinese government attaches great importance to the construction of smart cities and has issued a series of policy documents to support the development of smart street lights, such as the "Three-Year Action Plan for the Construction of New Infrastructure for the Internet of Things (2021-2023)".

Technological innovation: The rapid development of technologies such as the Internet of Things, big data, and cloud computing has promoted the improvement of the intelligence level of smart street lights and made them more functional.

Market demand: With the acceleration of urbanization, urban managers have increased their demand for energy conservation and emission reduction, intelligent management and public safety, which has promoted the widespread application of smart street lights.

Application scenario expansion: Smart street lights are not only used for lighting, but also integrate functions such as environmental monitoring, video surveillance, and information release, and the application scenarios are constantly expanding.

Future development trends

Continuous growth: It is expected that China's smart street light market will maintain rapid growth in the next few years, with an annual compound growth rate of more than 30%.

Cross-border integration: Smart street lights will be deeply integrated with traffic management, environmental monitoring, public safety and other fields to expand their application scenarios.

Standardized development: As the market scale expands, the formulation of industry standards and specifications will help improve product quality and safety and promote the healthy development of the market.

Overall, driven by policies, technologies and demand, China's smart street light market will maintain a strong growth trend in the next few years and is expected to occupy an important position in the global market.