Itron Recognized as a Global Leader in Smart Street Lighting by Northeast Group
May 22 2019 - 8:45AM
Business Wire
Independent Study Recognizes Itron for Market
Leadership in Smart Streetlight Solutions
Itron, Inc. (NASDAQ: ITRI), which is innovating the way
utilities and cities manage energy and water, has been named a
global market share leader in deployed and publicly awarded smart
streetlight communications projects by Northeast Group LLC, a
market intelligence firm with expertise in the smart infrastructure
sector. The independent study, Global Smart Street Lighting &
Smart Cities: Market Forecast (2019 – 2028), released in May of
2019, found that cities and utilities will network up to 72 million
streetlights over the next 10 years.
Itron manages more than 3 million streetlights globally with its
open, standard-based network, which creates a foundation for cities
and utilities to enable smart city applications that address an
array of challenges around smart transportation, resilient and
sustainable infrastructure, public safety and security, and digital
services. Itron’s growing market share and global leadership in
smart lighting reflects a broader trend in the market. Given their
diverse operational needs, cities and utilities are moving away
from single-purpose solutions and taking a platform approach to
their digital industrial IoT (IIoT) initiatives. Itron’s globally
proven platform and developer program enable a vibrant and growing
partner ecosystem to provide customers with superior flexibility
and choice.
Utilities in particular are ramping-up adoption of smart street
lighting. Having demonstrated value from their smart energy and
water initiatives, many utilities are exploring opportunities to
leverage Itron’s industry-leading Field Area Networks (FAN) to
extend the value of their infrastructure investments and smart
lighting is a natural fit. Beyond the energy savings of the LED
streetlight, smart street lighting offers a wide range of benefits,
including improved network resiliency, enhanced safety, and
increased customer satisfaction.
“As noted in the report, the Smart Street lighting industry is
seeing a lot of momentum as cities and utilities are taking a
platform approach to roll out their smart city initiatives,” said
Itai Dadon, director of IIoT and smart cities at Itron. “With
decades of expertise in providing critical infrastructure, Itron’s
proven platform equips utilities and cities to lead the way in
delivering integrated, smart city technology that fits their
specific needs.”
“The global street lighting market is evolving at a rapid pace.
LED luminaires are becoming the default as existing streetlights
expire and smart streetlights are forming the basis of more
expansive smart city projects,” said Ben Gardner, president of
Northeast Group. “We estimate that LED smart street lighting and
smart city sensors will see $8 billion in investment from 2019 to
2028. This growth will include over 216 million LED streetlights
and nearly 72 million streetlights that will be networked.”
About Itron
Itron enables utilities and cities to safely, securely and
reliably deliver critical infrastructure services to communities in
more than 100 countries. Our portfolio of smart networks, software,
services, meters and sensors helps our customers better manage
electricity, gas and water resources for the people they serve. By
working with our customers to ensure their success, we help improve
the quality of life, ensure the safety and promote the well-being
of millions of people around the globe. Itron is dedicated to
creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party
trademarks are property of their respective owners and any usage
herein does not suggest or imply any relationship between Itron and
the third party unless expressly stated.
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Itron, Inc.Alison MallahanSenior PR
Manager509-891-3802alison.mallahan@itron.com
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