2017 global LED Street lamps scale to be 1.9 billion dollars

2017 global LED Street lamps scale to be 1.9 billion dollars

  It is estimated that the LED street lamps industry across the globe will be about $1.9 billion by 2017, according to a new report from Strategies Unlimited, EETasis.

  Another mentionable information the report released is the demand for LED street lamps market surged in 2012 and approximately 2 million pieces of LED street lamps will be mounted in tunnels and highways. This report also pointed out that the number of LED street lamps will increase by 400% in the next 5 years, while the revenue will decrease due to market saturation.

  The numerous governments and Regulatory agencies emboldened the enforcement of LED street light in various ways in 2012 including ARRA funding in the U.S., the twelfth five year plan in China for LED street light china, and European 20/20/20 initiative. The developed countries and new Emerging economies all install LED street lamps : on a large scale.

  “LED street lamps annual growth between 2012 and 2017 is estimated to be 16 %, and that in north America and Europe will dropped by 20% and 15%.” Said Philip Smallwood, the chief of the Strategies Unlimited LED.

  After the disastrous response to the LED products breakdown in 2009, Chinese government has enforced all LED street lamps made by LED street lights manufacturers china　must meet the requirement of the national standards. Along with the government powerfully push for the more energy-saving LED street lamps, China has achieved energy consumption and emission decreased by 16% and 17%.