Echelon Ranked Among Top Three in Smart Street Lighting Systems Deployed Worldwide
08 November 2016 - 2:00AM
Business Wire
Newly released study by Northeast Group
positions Echelon above others like GE and Philips In fast growing,
multi-billion dollar IoT market
Internet of Things pioneer Echelon Corporation (NASDAQ:ELON) is
ranked among the top three providers of smart connectivity
deployments in a global study of the LED and "smart" networked
street lighting market. The independent study was recently
published by Northeast Group, LLC which analyzes and forecasts the
market from 2016 through 2026, and finds that the next wave of
Internet of Things (IoT) investment will take place in the public
outdoor street lighting market. According to the report, “Echelon
was an early mover in the smart streetlight field.” The company
also captured the number one position in Asia-Pacific for installed
market share.
According to the study, global investment in public LED street
lighting will be $57 billion between 2016 and 2026. Driving this
market opportunity is a paradigm shift where legacy streetlights
are being replaced with new and more efficient LED, or solid-state
lighting technology. These LED streetlights are being networked
together with communications to become smart streetlights, creating
the foundation for a growing range of impactful smart city
applications over time.
“As part of the research for the study, we surveyed more than
100 US cities, towns, and municipalities that were early adopters
of LED streetlight deployments, and we found that residents enjoyed
more comfortable, adaptive light, law enforcement officials cited
public safety improvements and city leaders overall recognized
significant energy and cost savings,” said Ben Gardner, President,
Northeast Group, LLC. “Given these clear advantages, the business
case for LED and smart streetlights has only grown stronger. Our
current study projects that LED and smart streetlights will reach
89% and 42% of the total streetlight market, respectively, by
2026.”
The study highlights the fact that communications networks can
be used to link additional items beyond streetlights such as
traffic lights, parking meters and a number of smart city sensors.
Smart streetlights also greatly improve safety conditions because
the automated technology alerts officials when street lights go
out, so downtime is almost eliminated.
To capitalize on this trend, the Lumewave by Echelon® platform
is architected to allow cities to integrate a growing range of IoT
applications so municipal systems like crosswalk flashers,
emergency call boxes, traffic analysis and human-centric street
lighting can work together seamlessly, while improving public
safety and creating a more comfortable environment. The Northeast
Group report highlights Echelon customer success stories including
the following:
Dongguan, China - Echelon and the LONWORKS open protocol
platform were selected as the integration and communication system
for the city which set out to retrofit alley and streetlights with
an IoT infrastructure. It created a system capable of failure
alarms, intelligent dimming and energy consumption tracking, as
well as the future potential to integrate other smart city
applications such as road environment monitoring, crime
surveillance and air quality sensors.
Quebec, Canada - Echelon architected a smart streetlight
solution that used the existing powerline communications (PLC)
technology to manage the city’s bus control system. This strategy
is a prime example of leveraging existing infrastructures to create
efficiencies with time and cost savings for municipalities.
“The Northeast Group study offers keen insight into the smart
streetlight market which appears to be accelerating, driven by the
promise of sustainability, security and livability enhancements,”
said Ron Sege, Chairman and Chief Executive Officer, Echelon. “An
investment in Echelon connected infrastructure offers ongoing
benefits by enabling a growing range of IoT applications. We’re
proud of the solutions that we’ve brought to municipalities around
the world over the years and we’re very much looking forward to
being a primary player in the growth market identified by Northeast
Group.”
Northeast Group, LLC is a Washington, DC-based smart
infrastructure market intelligence firm. To order a copy of the
study, please visit: www.northeast-group.com
About Echelon Corporation
For 25 years Echelon (NASDAQ:ELON) has pioneered the
development of open-standard networking platforms for
connecting, monitoring and controlling devices in commercial and
industrial applications. With more than 110 million devices
installed worldwide, Echelon’s proven, scalable solutions host a
range of applications enabling customers to reduce energy and
operational costs, improve safety and comfort, and create
efficiencies through optimizing physical systems. Echelon is
focusing today on two IoT (Internet of Things) market areas:
Creating smart cities and smart enterprises through connected
outdoor lighting systems, and enabling device makers to bring
connected products to market faster via a range of IoT-optimized
embedded systems. More information about Echelon can be found at
www.echelon.com.
Echelon, the Echelon logo and Lumewave are trademarks of Echelon
Corporation that may be registered in the United States and other
countries. Other product or service names mentioned herein are the
trademarks of their respective owners.
This press release may contain statements relating to future
plans, events or performance. Such statements may involve risks and
uncertainties, the risk that Echelon's offerings by themselves or
combined with other applications or offerings do not perform as
designed or do not offer the expected benefits and savings; and
other risks identified in Echelon's SEC filings. Actual results,
events and performance may differ materially. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. Echelon undertakes no
obligation to release publicly the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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Echelon Corp.Lucie Mannpr@echelon.com
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