Growth Opportunities for 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.
Smart ballasts, sensors, and control networks are used to reduce street lighting operations and maintenance (O&M) costs by monitoring usage and faults.
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.
About this report
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook