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
Spending on Energy Efficient Buildings in Europe Is Expected to Total Nearly $800 Billion From 2014 Through 2023
August 28, 2014Enforcement and activity vary widely from country to country, report finds • Buildings account for 40 percent of Europe’s final energy consumption, and thus represent a…
Read More »
Smart Grid as a Service Will Reach $11.2 Billion in Annual Revenue by 2023
August 26, 2014Benefits include reduced time to market and world-class security, report finds • While they represent a small part of the smart grid market today, smart grid…
Read More »
55 Million Electric Motorcycles and Scooters Will be Sold Worldwide from 2014 to 2023
August 25, 2014Harley Davidson’s entry will spur sales as growth accelerates in North America and Europe, report concludes • Driven by rising gasoline prices and increasingly congested city streets, more consumers are starting…
Read More »
Spending on Smart Grid Technologies Will Total Nearly $600 Billion From 2014 through 2023
August 20, 2014Intelligence is being distributed to the edges of the grid, report finds • The fundamental technology for infusing intelligence into the power grid has been in existence…
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":"8\/31\/2014"}