DUBLIN, Jan. 10, 2019 /PRNewswire/ --
The "United States LED and Smart Street Lighting: Market Forecast (2018 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The US street lighting market is rapidly evolving. When the publisher first surveyed the US streetlight market back in 2012, LED streetlights were still primarily being piloted, utilities had not developed LED streetlight tariffs, the business case for smart/connected street lighting was undeveloped, and cities remained wary of vendor and third-party financing.
All of these factors have changed dramatically in the past six years. LED luminaires are becoming the default as existing streetlights expire and smart streetlights are forming the basis of more expansive smart city projects.
Cities now realize that LED and smart streetlights provide a unique opportunity to save costs while simultaneously improving public safety and offering new services to their residents. States are also now getting involved to promote these projects in smaller cities. These trends will lead to continued growth in the market, with $6.6 billion invested in LED street lighting and a further $1.4 billion invested in smart street lighting over the next decade.
Key questions answered in this study:
- How many streetlights are there in each of the 306 largest US cities, who owns them, and how have they progressed towards LED and smart conversions?
- What is the market share of both the largest streetlight communications vendors and the controls vendors?
- What cities have upcoming RFPs or have started streetlight projects without selecting a vendor for a full conversion?
- How have prices shifted in recent smart streetlight tenders?
- What is the ten-year forecast for LED and smart street lighting across all segments (cobra head, decorative, etc.)?
Key Topics Covered:
1. What's new in 2018?
2. US Streetlight Survey Results
3. US Streetlighting Overview
4. Market Forecast
For more information about this report visit https://www.researchandmarkets.com/research/jtpztl/united_states_led?w=5
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SOURCE Research and Markets