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SOURCE Research and Markets
DUBLIN, January 31, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/gnjp2v/led_in_road_and) has announced the addition of the "LED in Road and Street Lighting Report " report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
In less than a decade, LED technology has created more turmoil in the lighting industry than anything occurring over the previous century. Every professional agrees that what used to be a conservative, well-controlled market is undergoing a massive change, referred to as the LED revolution. Therefore, it's high time to take a close look at what's happening and why, since each General Lighting application, be it indoor or outdoor, has its own way of adopting LEDs.
Outdoor lighting is no stranger to revolution. In fact, today it's one of the two most dynamic General Lighting market segments for LED adoption. Within the segment, architectural lighting was the early adopter, but the main driver these days is definitely road and street lighting. Historically the largest outdoor segment, it now offers the best prospects for LED development in professional exterior lighting. Road and street lighting is a very attractive market, with EBIT levels generally between 5 - 15% and steady growth despite the economic downturn.
We estimate that LED luminaire revenue will reach $435M in 2013 and peak at $516M by 2016, fuelled by the increased need for energy efficiency. Growth will be driven firstly by tunnel lighting, and then relayed into highway, road, residential and amenity lighting applications starting in 2014. By 2017, market size should decline because of a decreasing replacement market (due to LED-based systems' higher lifetime) and also because of LED Luminaire's ASP.
This report presents all road and street lighting applications and associated market metrics within the period 2008-2020 for each application and region, detailing drivers & challenges, key players, associated volume/market size (luminaires installed base, LED luminaire and packaged LED sales), and LED penetration rate.
Key Topics Covered:
1. Road and street lighting overview
2. The LED value proposition
3. LED supply chain
4. LED technology drivers
5. Market metrics and trends: the LED revolution
6. General conclusion
For more information visit http://www.researchandmarkets.com/research/gnjp2v/led_in_road_and
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