| Product Code: ETC6891709 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Cyprus continued to import smart street lighting primarily from Greece, China, South Korea, Belgium, and the Netherlands. The market remained competitive with low concentration, indicating diverse sources of imports. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 10.02%, showcasing sustained demand for connected street lighting solutions in Cyprus. The presence of key exporters like China and South Korea highlights the significance of advanced technology in the smart lighting sector.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Connected (Smart) Street Lighting Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Connected (Smart) Street Lighting Market - Industry Life Cycle |
3.4 Cyprus Connected (Smart) Street Lighting Market - Porter's Five Forces |
3.5 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume Share, By Connectivity, 2021 & 2031F |
3.7 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.8 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Cyprus Connected (Smart) Street Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in Cyprus |
4.2.2 Government initiatives promoting smart city projects |
4.2.3 Growing adoption of Internet of Things (IoT) technology in urban infrastructure |
4.3 Market Restraints |
4.3.1 Initial high costs of implementing connected street lighting systems |
4.3.2 Concerns regarding data privacy and security in smart city applications |
4.3.3 Lack of awareness and technical expertise among stakeholders |
5 Cyprus Connected (Smart) Street Lighting Market Trends |
6 Cyprus Connected (Smart) Street Lighting Market, By Types |
6.1 Cyprus Connected (Smart) Street Lighting Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume, By Component, 2021- 2031F |
6.1.3 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume, By Hardware, 2021- 2031F |
6.1.4 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume, By Software, 2021- 2031F |
6.1.5 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume, By Services, 2021- 2031F |
6.2 Cyprus Connected (Smart) Street Lighting Market, By Connectivity |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume, By Wired, 2021- 2031F |
6.2.3 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume, By Wireless, 2021- 2031F |
6.3 Cyprus Connected (Smart) Street Lighting Market, By Sales Channel |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume, By Direct, 2021- 2031F |
6.3.3 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume, By Indirect, 2021- 2031F |
6.4 Cyprus Connected (Smart) Street Lighting Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume, By Government, 2021- 2031F |
6.4.3 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume, By Commercial, 2021- 2031F |
6.4.4 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume, By Industrial, 2021- 2031F |
6.4.5 Cyprus Connected (Smart) Street Lighting Market Revenues & Volume, By Residential, 2021- 2031F |
7 Cyprus Connected (Smart) Street Lighting Market Import-Export Trade Statistics |
7.1 Cyprus Connected (Smart) Street Lighting Market Export to Major Countries |
7.2 Cyprus Connected (Smart) Street Lighting Market Imports from Major Countries |
8 Cyprus Connected (Smart) Street Lighting Market Key Performance Indicators |
8.1 Energy savings achieved through connected street lighting systems |
8.2 Reduction in maintenance costs compared to traditional street lighting infrastructure |
8.3 Increase in citizen satisfaction and safety perception due to improved lighting quality |
8.4 Number of smart city projects incorporating connected street lighting solutions |
8.5 Percentage of street lighting infrastructure upgraded to connected systems |
9 Cyprus Connected (Smart) Street Lighting Market - Opportunity Assessment |
9.1 Cyprus Connected (Smart) Street Lighting Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Cyprus Connected (Smart) Street Lighting Market Opportunity Assessment, By Connectivity, 2021 & 2031F |
9.3 Cyprus Connected (Smart) Street Lighting Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.4 Cyprus Connected (Smart) Street Lighting Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Cyprus Connected (Smart) Street Lighting Market - Competitive Landscape |
10.1 Cyprus Connected (Smart) Street Lighting Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Connected (Smart) Street Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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