When is The Best Occasion for LED Street Light Manufacturers?

The traditional light source, such as high pressure sodium light and some metal halide lights, has played a vital role in street light for a long time. In recent years, the development of LED street light opened up a broader world. Compared with conventional light sources, LED light has distinctive advantage in color rendering, energy saving and life expectancy. As a result, LED street light as energy-saving products will be used in street illumination more frequently, especially with the rapid development of wholesale LED street lights technology and lower price of LED street light.

It is estimated that the number of street lights installed in the next five years will increase by 4 times. What's more, the Europe, America, and so many countries are promoting LED street light installments. We can draw the conclusion that it is the LED street light installment by governments that makes the best occasion for LED street light manufacturers.

Take the development of LED street light in the United States as example, the "Recovery and Investment Act " not only subsidies LED street light project, also publicizes locally LED street light manufacturers. By the end of 2013, 600 cities in the United States have installed LED street light. New York City even announced that it would install 250,000 LED lights in road illumination until 2017. As for the Europe, for example, municipal government of London announced it will install 35,000 LED street lights before 2016. Besides, the quality varies in China as a result of no national standard. cheap LED industrial lighting development in China is lagged behind Europe and America. However, the biggest market is in emerging regions such as Southeast Asia, the Middle East, South America and other places, where there is no national standard of LED lights.

According to the dissertation above, LED street light manufacturer is at a critical point. It is predicted that about 93.8% of street lights all over the world will be LED in 2023, will this data is just over 53% today, according to a research report. And global popularity of LED lights are caused by energy-efficient, driven by falling prices and LED lights technology upgrades. However, the consistent decrease of LED prices and the dwindling change rate of LED products will lead to the decline of overall revenue of street lighting after a period of time. Hence, the period from 2015 to 2017 will be outdoor lighting boomers.

As a result, the period from 2015 to 2017 is the best occasion for buy LED flat panel light manufacturers. For LED street light manufacturer, emerging market countries will be tremendous assets, such as Thailand, Latin America and Africa. The massive tide of LED street light installment in 2015 will provide huge development for the LED street light manufacturer. 

Posted January 7, 2016 20:57