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LED Lighting Will Constitute Nearly 94 Percent of Annual Street Lighting Sales Worldwide by 2023, Forecasts Navigant Research

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LED Lighting Will Constitute Nearly 94 Percent of Annual Street Lighting Sales Worldwide by 2023, Forecasts Navigant Research

 

 

 

 

 

Falling prices for light-emitting diode (LED) street lights have spurred a global transition from older lamp technologies to newer, more efficient, and more controllable LEDs.  LEDs offer city residents improved nighttime visibility and city managers cost savings from reductions in both energy consumption and maintenance costs.  According to a new report from Navigant Research, the market share of LEDs in street lighting worldwide will grow from 53.3 percent in 2014 to 93.8 percent in 2023.

 

 

 

“The increase in sales of LED street lights has been surprisingly swift, with some companies reporting that more than half their sales are LEDs and others already planning to discontinue their non-LED product lines,” says Jesse Foote, senior research analyst with Navigant Research.  “At the same time, a rising number of cities are deploying networked control systems along with their new LED street lights, and the range of features available from those systems is expanding.”

 

 

 

Although LED street lights appear to be on track for a nearly complete takeover of the market, the adoption of networked control systems for street lights has followed a somewhat slower path.  One critical challenge for the networked control industry, according to the report, is a lack of standardization and the large number of diverse players competing in this space.  Questions remain over the best networking technology for street light control – power line or radio frequency, and mesh or point-to-multipoint. 

 

 

 

The report, “Smart Street Lighting”, analyzes the global market for roadway and highway lighting.  It provides an analysis of the market issues, including drivers and trends, barriers, and ownership models, associated with lamps, luminaires, and lighting controls in these street lighting applications.  Global market forecasts for unit sales and revenue, segmented by region, application, and equipment and construction type, extend through 2023.  The report also examines the key codes, standards, and technologies related to street lighting, as well as the competitive landscape.  An Executive Summary of the report is available for free download on the Navigant Research website.

 

 

 

About Navigant Research

 

 

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries.  In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets.  The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors.  

 

Posted July 3, 2014

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