Global LED and Smart Street Lighting Market Forecasts 2017-2027 – A $64.2 Billion Opportunity – ResearchAndMarkets.com

January 31, 2018

DUBLIN–(BUSINESS WIRE)–The "Global
LED and Smart Street Lighting: Market Forecast (2017 – 2027)"
report has been added to ResearchAndMarkets.com's
offering.

This study analyzes and forecasts the global market for both LED and
smart street lighting through 2027.

LED streetlights will transform cities and municipalities across the
globe over the next decade. LEDs offer longer lifetimes, lower energy
consumption, and reduced maintenance expenses when compared with legacy
streetlight technologies. LEDs are quickly becoming the dominant source
of lighting in cities around the world and from 2017 to 2027, global
investment in LED street lighting is expected to be $53.6 billion.

But LEDs are not the sole element in modernized public outdoor lighting.
Networked smart streetlights help cities further reduce costs with their
dimming capabilities and reduced maintenance costs. As the costs for
networked streetlights also decline, these smart streetlights will find
a growing role in cities and municipalities across the globe.

While there are still challenges to overcome, the rapid growth of LED
and smart street lighting is providing clear examples and benefit cases
for cities in diverse contexts to follow. Given these clear advantages,
LED and smart streetlights are projected to reach 89% and 29% of the
total streetlight market, respectively, by 2027. This will total a $64.2
billion market opportunity over the next decade.

Key Topics Covered:

1. What's new in 2017?

2. The benefits of LED and smart streetlights

3. Challenges for LED and smart streetlight systems

4. Case studies

5. Market forecast

6. Leading markets

7. Vendors

For more information about this report visit https://www.researchandmarkets.com/research/lvw35r/global_led_and?w=4

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Related
Topics: LED
(Light Emitting Diodes)