DUBLIN–(BUSINESS WIRE)–The “LED Street Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global LED street light market exhibited strong growth during 2015-2020. Looking forward, the publisher expects the global LED street light market to grow at a CAGR of 13.5% during the forecast period (2021-2026).
The LED technology has evolved significantly over time, which has led to a reduction in their production costs and simultaneous improvements in efficiency and performance characteristics. These enhancements have enabled the technology to be combined with roadway and exterior area lighting such as streetlights and floodlights. Nowadays, the incorporation of street lighting with energy-efficient, modern LED systems has presented numerous opportunities for building a secure and connected city lighting network. On account of their longer lifespan and lower energy consumption, various cities around the world have adopted LED streetlights.
The development of smart cities represents the key factor driving the demand for LED streetlights. The installation of connected LED street lighting in smart cities projects serves as a contributor to the broader renovation of aging city infrastructure. The implementation of the connected street lighting program through a mobile network with a Centralized Management System (CMS) enables city managers to control and monitor lighting assets remotely.
Moreover, a global shift from traditional lighting systems is also having a positive impact on market growth. Governments of various nations are taking initiatives to replace old streetlights with LED variants. For instance, cities in Canada and the United Kingdom have recently introduced projects for installing smart lighting systems. Besides this, starting from September 2019, the Government of Malaysia will replace all the streetlights in the country from incandescent or fluorescent bulbs to LED lights.
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global LED Lighting Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 LED Street Light Market
5.5 Market Breakup by Region
5.6 Market Breakup by Application
5.7 Market by LED Products: LED Lamps, Modules and Fixtures
5.7.1 Current and Historical Market Trends
5.7.2 Market Forecast
5.8 Market Forecast
5.9 SWOT Analysis
5.10 Value Chain Analysis
5.11 Porter’s Five Forces Analysis
5.12 Key Success and Risk Factors for LED Street Light Manufacturers
5.13 Comparative Analysis of CFL and LED
5.14 Price Analysis
6 Performance of Key Regions
7 Market by Application
8 Competitive Landscape
9 LED Street Light Manufacturing Process
10 Project Details, Requirements and Costs Involved
11 Loans and Financial Assistance
12 Project Economics
13 Key Player Profiles
For more information about this report visit https://www.researchandmarkets.com/r/6eidv