Growth Opportunities for Outdoor Lighting

Feb 24, 2016, 17:14 ET from Reportlinker

NEW YORK, Feb. 24, 2016 /PRNewswire/ --

Growth Opportunities for Outdoor Lighting : Smart Cities will Encourage Adaptive Street Lighting Technologies

Outdoor lighting is presenting significant growth opportunities in the wake of the global demand for LED lighting technologies. Outdoor lighting already represents about 20% of the global LED lighting market and is among its fastest-growing segments, driven by increasing demand for energy efficiency, controllability, and lower maintenance, and the integration of street lighting into smart city initiatives. This study looks at the main factors that are changing the outdoor lighting landscape and determines where the most dynamic growth is expected through 2020.

Key Findings—CEO's 360 Degree Perspective on Outdoor Lighting

Inefficient street lighting sources are being replaced with energy-efficient LED and induction lighting, which have longer life, better light quality, easy maintenance, and flexible control.

Inefficient street lighting sources are being replaced with energy-efficient LED and induction lighting, which have longer life, better light quality, easy maintenance, and flexible control.

Street lighting refurbishment and installation projects are embracing an integrated approach, utilising high-efficiency light sources, intelligent control, and renewable energy sources to achieve energy efficiency and emission targets.

Municipal authorities and utility companies increasingly partner with energy performance and savings firms to cover the high initial investment required for the deployment of new street lighting technology.

Rising energy costs and carbon emissions concerns are primary drivers for encouraging research and development of energy efficient street lighting technology—from light sources to control gear.

Read the full report: http://www.reportlinker.com/p03312072-summary/view-report.html

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