According to a study by Navigant intelligent lights, street lamps forecast to 2023 approximately 93.8% of the global LED, and now, just over 53% of this data. The 2014 ~ 2017 global LED outdoor lighting will usher replaced tide.
Global popularity of LED lights is due to the global push for energy efficiency, LED street prices and technology upgrades. However, due to LED prices continue to erode, and the change of the rate of decline in LED product replacement, street lighting will result in overall revenue began to decline after a period of time. Navigant forecast global revenue in 2023 will be reduced to street lights in 2014 $ 2,500,000,000 $ 2,300,000,000. 2014 ~ 2017 global LED outdoor lighting will be replaced boomers.
Into 2014, the global LED outdoor lighting facelift tide acceleration. There are more than 600 cities in the United States is planning to LED lights facelift plan, which the city of New York will replace 250,000 street lights in 2017, after the city’s business district will be replaced with LED decorative lighting fixtures, which will be the largest in North America LED lights facelift plan. Coupled with Europe, China, Japan, have varying degrees of action facelift in 2014 ~ 2017 LED outdoor lighting compound annual growth rate of over 20%.
Other emerging market countries, such as Thailand, Russia, Latin America and Africa will usher in massive street facelift tide in 2014. Until 2015, LED street light penetration gradually slow the growth rate began to decline, the global annual scale facelift LED lights and new LED lights will remain at around 10 million / year.