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2017 Global LED Outdoor Lighting Market Will Reach $ 1.9 Billion

According to reports, a report from Strategies Unlimited, said it expects 2017 global LED outdoor lighting market will reach about $ 1.9 billion .

Meanwhile, the report also said that 2012 LED outdoor lighting market demand growth , nearly two million LED lighting equipment installed in the tunnels and highways. The report also forecasts LED lights installed capacity will grow by 400% over the next five years, but revenue growth will push prices down due to market saturation and reduced.

In 2012 the world's governments and regulatory bodies in various ways to encourage the implementation of LED lighting , including: the American Recovery Act funds , China 12th Five Year Plan and the 20/20/20 initiative in Europe. Developed countries and emerging economies have installed LED lights in a large area .

Strategies Unlimited LED and lighting research director of Philips · Smokin Wood (Philip Smallwood) , said : "LED street light shipments are expected to have a 31 percent compound annual growth rate , but due to competitive pricing pressures caused , 2012 2017 revenue growth is expected to be 16%. North America and Europe are expected to average prices fell by about 20 % and 15% . "

2009 for the initial installation of multiple failures plagued by LED products carry catastrophic response, China has required all tenderers LED lights installed products meet quality requirements. Coupled with the government promotes the use of energy-saving products to help the country achieve energy consumption and carbon emissions were reduced by 16% and 17% of the target .

In the United States , LED lights price war in the past year has attracted many viewers , one of the summit is $ 99 for residential use Cree 's LED lights. Despite the price decline, the product quality is not discounted , the U.S. Department of Energy (DOE) is still in the implementation of strict product quality requirements. With the advances in SSL outdoor lighting technology (Secure Sockets Layer, Secure Sockets Layer ) , the U.S. market prices continued to decline. · Strategies Unlimited, Shu Nika analyst Vijay (Shonika Vijay) , said: " North America ( mainly the United States ) will show positive growth in 2017 than in 2012 an increase of 44 %. "


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