Global LED outdoor lighting market will reach about $ 1.9 billion in 2017
According to reports, a report from Strategies Unlimited said global LED outdoor lighting market including LED tunnel lights and LED street lights will reach about $ 1.9 billion in 2017.
Meanwhile, the report also said that the demand on outdoor LED tunnel lights and other LED outdoor lighting market grew in 2013, nearly two million LED tunnel lights and other lighting equipment installed in the tunnels and highways. The report also forecasts that the capacity of LED tunnel lights and other LED road lights installed will grow by 400% over the next five years, but revenue growth will reduce due to market saturation pushing prices down.
The world's governments and regulatory bodies encouraged the implementation of LED lighting in various ways in 2013, 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 tunnel lights and other LED street lights in a large area .
Philips ·Smallwood, research director of Strategies Unlimited LED and lighting said : " the shipments of LED tunnel lights and LED street light are expected to at a 31 percent compound annual growth rate , but revenue growth is expected to be 16 percent from 2012 to 2017 due to competitive pricing pressures ，the average prices of LED tunnel lights and LED street light are expected to fell by about 20 % and 15% in North America and Europe . "
Having carried out catastrophic response for the initial installation of multiple failures plagued by LED products in 2009, China has required that all tenders' LED tunnel lights and LED street lights installed must meet quality requirements. Coupled with the government promoting the use of energy-saving products helps that the country achieve energy consumption and carbon emissions will be reduced by 16% and 17%.
In the United States , the price war of LED tunnel lights and LED street lights has attracted many viewers in the past year , one of the summit is Cree 's LED road lights sold at $ 99 for residential use. 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 (Secure Sockets Layer ) outdoor lighting technology especially LED tunnel lights and LED street lights, the U.S. market prices continued to decline. Shonika Vijay，analyst of Strategies Unlimited, said: " North America ( mainly the United States ) will show positive growth ，an increase in LED tunnel lights and LED street lights and other outdoor LED lighting will be 44 percent in 2017 over that of in 2012."Browsing http://www.lead-lighting.com/products/bid32-1.htm for more information about LED tunnel lights.
