DUBLIN, Apr. 29, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/zwrjgs/global_led_and) has announced the addition of the "Global LED and Smart Street Lighting: Market Forecast (2015 - 2025)" report to their offering.
From 2015 to 2025, countries are expected to invest $53.7 billion in LED street lighting
There are currently 304 million total streetlights in the world. This number will grow to 352 million total streetlights by 2025. The public outdoor lighting market is currently undergoing a period of change where legacy streetlights are being replaced with new and more efficient LED, or solid-state lighting technology.
Taking this new technology a step further, these LED streetlights are also being networked together with communications to become smart streetlights. This study analyzes and forecasts the global market for both LED and smart street lighting through 2025.
LED streetlights will transform cities and municipalities across the globe over the next decade. LEDs offer longer lifetimes, lower energy consumption, and reduced maintenance costs when compared with legacy streetlight technologies. In most developed countries, LEDs are already an economically beneficial alternative to existing streetlights over the lifetime of the light when energy savings are considered, despite their higher upfront cost.
But within a few years, LED streetlights are expected to reach cost parity with legacy technologies, making their benefits to costs immediately positive. At this point, they will make economic sense as replacements in almost all countries. Furthermore, with many emerging market countries rapidly urbanizing and in need of improved urban infrastructure, this creates an enormous market opportunity.
Key questions answered in this study:
- How large will the market for LED and smart streetlights be across 125 countries?
- How will falling costs impact LED and smart streetlight deployments?
- What is the streetlight ownership structure in the leading markets?
- Who are the key vendors throughout the smart streetlight value chain?
- What hurdles to smart street lighting have been overcome and which ones remain?
Key Topics Covered:
2. Overview of LED and smart streetlight benefits
3. Challenges for LED and smart streetlight systems
4. Case studies
5. Market forecast
6. Leading markets
For more information visit http://www.researchandmarkets.com/research/zwrjgs/global_led_and
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets