LED-Based Street Lighting Market to Surpass $2 Billion by 2020

February 27, 2013

Dramatically falling costs and improvements in efficiency are driving increased sales of light emitting diode (LED) lamps for street lighting.  Costs have fallen as much as 50 percent over the past two years, and are expected to continue falling.  According to a recent report from Pike Research, a part of Navigant’s Energy Practice, by 2015, LEDs will become the second-leading type of lamp for street lights in terms of sales, behind only high pressure sodium lamps.  By 2020, the study concludes, LED lamps for street lights will generate more than $2 billion in annual revenue.

“Broader investments in smart city infrastructure by municipal governments will boost smart street lighting projects, as the two go hand in hand,” says research analyst Jesse Foote.  “Smart street lighting systems can provide a backbone for other smart city applications, and conversely, a city investing in networking capabilities for smart city applications should also be looking to include better management of street lighting.”

Nearly all smart street lighting projects are still in a pilot phase at the moment, according to the report.  The adoption of LED street lights and networked control systems is seriously hindered by the ownership models and tariff structures in place across the United States and in some European and Asian locations as well. If utility companies own street lighting systems and charge a fixed tariff per light to municipalities, then towns have little financial incentive to pay for upgrading their lights.  However, the potential for significant energy savings, reduced emissions and improved quality of service, combined with falling LED prices, means that more and more cities will find this an attractive proposition over time.

The report, “Smart Street Lighting”, analyzes the global market opportunity for lamp upgrades and networked lighting controls across five categories of public outdoor lighting: highways, roads, parking lots, city parks, and sports stadiums.  The report provides a comprehensive assessment of the demand drivers, obstacles, policy factors, and technology issues associated with the growing market for street lighting controls.  Key industry players are profiled in depth and worldwide revenue and capacity forecasts, segmented by lamp type and region, extend through 2020.  An Executive Summary of the report is available for free download on the Pike Research website.

Contact: Richard Martin

+1.303.997.7609

richard.martin@navigant.com

* The information contained in this press release concerning the report, “Smart Street Lighting,” is a summary and reflects Pike Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Global Building Data Integration Revenue Is Expected to Reach $971.3 Million in 2025
Organizing and understanding large data sets from facilities remains a challenge • A new report from Navigant Research examines the market for data integration in intelligent…
Read More »
Global Revenue from Carsharing Services Is Expected to Total $34.6 Billion from 2015 to 2024
Increasing popularity of ride-hailing services could grow carsharing programs • A recent report from Navigant Research analyzes the global carsharing market, examining the key…
Read More »
Annual Sales of Electric and Hybrid Medium and Heavy Duty Buses Are Expected to Exceed 52,000 in 2025
New report on the medium and heavy duty vehicle market features pivot tables, dynamic charts for custom data selection • A new report from Navigant Research examines the market for medium and heavy duty…
Read More »
Raw Biogas Production Capacity Is Expected to Reach 2,141 Billion Cubic Feet per Year by 2024
Growth in the biogas market remains heavily dependent on policy support • A recent report from Navigant Research examines the global biogas market, including policy issues…
Read More »
View All News

{"userID":"","pageName":"LED-Based Street Lighting Market to Surpass $2 Billion by 2020","path":"\/newsroom\/led-based-street-lighting-market-to-surpass-2-billion-by-2020","date":"5\/6\/2016"}