Global LED street lighting Market Growth 2019-2024

An LED street light is an integrated light that uses light emitting diodes (LED) as its light source. These are considered integrated lights because, in most cases, the luminaire and the fixture are not separate parts. In manufacturing, the LED light cluster is sealed on a panel and then assembled to the LED panel with a heat sink to become an integrated lighting fixture. Because LED technology is advancing so rapidly, utility companies and municipalities may have concerns that systems purchased today will become obsolete or will not be compliant with future upgrades. Reputable manufacturers however are making their LED street light offerings future-proof by designing them with replaceable modules that can be swapped out as technology improves. As well, the Department of Energy’s model specification for roadway luminaires contains an optional clause that requires the luminaire/driver to be able to accept a control signal and dim for future control. Finally, once one community, utility or State successfully implements an LED street lighting system, it paves the way for others to follow. According to this study, over the next five years the LED street lighting market will register a 2.4% CAGR in terms of revenue, the global market size will reach US$ 270 million by 2024, from US$ 240 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in LED street lighting business, shared in Chapter 3. This report presents a comprehensive overview, market shares, and growth opportunities of LED street lighting market by produ ...
Table of Contents 2019-2024 Global LED street lighting Consumption Market Report 1 Scope of the Report 1.1 Market Introduction 1.2 Research Objectives 1.3 Years Considered 1.4 Market Research Methodology 1.5 Economic Indicators 1.6 Currency Considered 2 Executive Summary 2.1 World Market Overview 2.1.1 Global LED street lighting Consumption 2014-2024 2.1.2 LED street lighting Consumption CAGR by Region 2.2 LED street lighting Segment by Type 2.2.1 <100W 2.2.2 100-150W 2.2.3 >150W 2.3 LED street lighting Consumption by Type 2.3.1 Global LED street lighting Consumption Market Share by Type (2014-2019) 2.3.2 Global LED street lighting Revenue and Market Share by Type (2014-2019) 2.3.3 Global LED street lighting Sale Price by Type (2014-2019) 2.4 LED street lighting Segment by Application 2.4.1 Highway 2.4.2 Arterials 2.4.3 Subsidiary Road& Residential Streets ...
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