Until recently, these two countries lagged behind the global leaders such as the UK and US and even today there are comparatively few LED and smart-street lighting deployments, particularly in Australia, reads the report’s summary.
But the market has changed significantly in the past three years since the region's smart street light roadmap was first developed. Australia and New Zealand are now on pace to reach nearly full LED penetration and over 70% smart penetration by the end of the forecast period, note the analysts.
Most notably, both Australia and New Zealand have significant regulatory drivers. In New Zealand, the government is funding 85% of smart and LED street light conversions through 2021, while Australia has set a nominal goal of achieving full smart street light penetration by 2027.
To achieve this target, Australian states have been funding conversions and altering lighting codes to incentivize utilities (which own almost all the street lights in Australia) to convert to smart street lights.