Henan LED street lights: What is the current status and development trend of the LED lighting market?

Since the development of the LED industry, road lighting has been a controversial market. Before 2010, due to various demonstration applications, road lighting became one of the early fields to adopt LED lighting products and achieve large-scale applications. So, what is the current status and development trend of the LED streetlight market in Henan?

　　

　　Henan LED street lights: What is the current situation and development trend of the LED lighting market?

Since the development of the LED industry, road lighting has always been a controversial market. Before 2010, due to various demonstration applications, road lighting became one of the early fields to adopt LED lighting products and form large-scale applications. So, what is the current situation and development trend of Henan LED street lights?

What is the current situation and development trend of Henan LED street lights?

However, due to the immature technology of LED street lights, some installed LED street lights have been replaced due to poor performance. This not only affects the LED street lights themselves but also has a negative impact on the promotion of LED street lights. Currently, road lighting has become a field with a high penetration rate in the LED lighting market. The development status of the road lighting market, along with the deepening global performance crisis and social concepts, will inevitably bring a huge impact on traditional lighting technologies with new energy-saving and environmentally friendly technologies like LED road lighting. LED lighting will certainly be the direction for future development in road lighting technology. It is evident that the prospects for LEDs in China's and the global road lighting market are limitless. Today, with continuous technological advancements, industry standardization, and increasing awareness, there are more domestic LED light sources in road lighting. Traditional road lighting has been replaced with LED lighting, and all roads and projects are using LED light sources. People have recognized that LEDs have become suitable power sources in the field of road lighting, and many even believe that for a long time in the future, LEDs will be the only power source for road lighting.

1. Good market prospects According to statistics from 2014 on the global LED street light industry, there are approximately 200 million street lights worldwide, with Europe having about 65 million (over 30%); around 44 million (about 20%) in North America; over 4 million in Japan; and around 33 million in China, accounting for over 16% globally. In recent years, China's penetration rate (installation volume) of LED street lights has continued to rise, exceeding 7% in 2011, over 11% in 2012, and about 19% in 2013. The current market size is approximately 14 billion yuan. Preliminary estimates suggest that by 2015, China's LED street light market size will be around 23 billion yuan; at that time, the overall market penetration rate of LED road lighting products in China will exceed 45%, indicating a huge market space.

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2. Significant energy-saving effects According to industry surveys, in 2013, the overall luminous efficacy of LED road lighting products exceeded 100LM/W, and it is expected to exceed 130LM/W by 2015. Currently, compared to high-pressure sodium lamps, LED road lighting products can save more than 40%.

It is estimated that there are about 200 million street lights worldwide. If 30% of them are LED street lights, global energy savings from LED street lights will exceed 22 billion kWh; when it reaches 50%, annual electricity savings will exceed 38 billion kWh; when all replaced objects are switched to fully replace with LED street lights (100%), it will reach over 84 billion kWh. Currently, China has about 33 million street lights. If 50% are LED street lights, China's annual power consumption from LED street lights will exceed 6 billion kWh; when replaced entirely by LED street lights (100%), annual electricity savings will exceed 14 billion kWh.

3. Problems existing in the development of LED road lighting In recent years, LEDs have developed rapidly. Many cities around the world are vigorously promoting LEDs by retrofitting traditional street lamps with energy-saving LEDs while roads are being constructed using LED road lighting products.

4. Although the market for LED road lighting is considerable, there are still some issues including standards, technology, sales etc. To truly capture the market for LED road lighting may require addressing several issues: first is standardization; second is energy-saving issues related to LEDs.

5. Strong policy support will promote rapid growth in the road lighting market.

6. The further maturity of road lighting technology has gained market recognition.

7. Smart road lighting will further accelerate market development.