LED outdoor lighting market grows rapidly1

According to reports, a report from StrategiesUnlimited pointed out that the LED outdoor lighting market is expected to reach about 1. 9 billion US dollars in 2017. At the same time, the report also said that the demand for LED outdoor lighting market increased in 2012, with nearly 2 million LED lighting equipment installed in tunnels and highways. The report also predicts that LED street lamp installation will increase by 400 in the next five years, but revenue growth will decrease due to market saturation driving down prices. 2012 World countries government and supervision institutions to various style encourage LED lighting of implementation including: American recovery bill fund,, China 12th a Five-Year Plan and Europe of 20/20/natural 20 initiative. LED street lamps are installed in large areas in developed countries and emerging economies. StrategiesUnlimitedLED and director of lighting research, Philips. Smowwood (PhilipSmallwood) Said: LED street lamp shipments are expected to have a compound annual average growth rate of 31, while revenue growth from 2012 to 2017 is expected to be 16 due to price pressure caused by competition. North American and European prices are expected to fall by an average of 20 and 15 respectively. After a disastrous response to a variety of products troubled by the initial installation failure of LED in 2009, China has required all bidders to meet the quality requirements of LED street lamp installation products. In addition, the government has vigorously promoted the use of energy-saving products to help the country achieve the goals of reducing energy consumption and carbon emissions by 16 and 17 respectively. In the United States, the price war of LED street lamps has attracted many viewers in the past year. One of the peaks is Cree's $99 residential LED street lamps. Despite the decline in prices, product quality is not discounted, the US Department of Energy (DOE)Strict product quality requirements are still being implemented. With SSL ( Secure Sockets Layer condom pick up layer) With the advancement of outdoor lighting technology, US market prices continue to decline. StrategiesUnlimited analyst sunica. Vijay (ShonikaVijay)Representation: North America (Mainly in the United States) There will be positive growth, which will increase by 44. 2017 in 2012.