Global LED Street Light Market to Grow At A Balanced Pace, Driven By Innovations in Efficient Street Light Technologies

Street light refers to a type of light used to illuminate roadways and highways in order to ensure a safer and convenient driving route. There are various types of street lightings such as fluorescent light, incandescent light, mercury vapour light, solar light, metal halide light, light-emitting diode (LED), induction light and high pressure sodium light. Among the different types, LED street lights are currently switching the old street light technology at a swift pace. According to research analysts at IMARC Group, the global LED street light market has seen a healthy growth over the past several years and is expected to witness a balanced growth in the near future as well.

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Advantages over traditional counterparts

LED street lights have a number of advantages over their traditional counterparts.
• They use around 40-80% less electricity and are around seven times more energy efficient than incandescent lamps and twice as efficient as fluorescent lamps.
• They have at least 5 times more life expectancy than regular high pressure sodium lamps.
• They are recyclable, shock and vibration resistant, operate at lower temperatures, contain no harmful substances and are unaffected by on-off cycling.
• These lights do not require any special handling and waste management procedures which leads to reduced replacement costs.
• They are directional, give a little or no hot spot and their light output is much more even as compared to other types of street lights.

Figure 1: High pressure sodium (HPS) light Vs LED street lights

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Growing urbanisation and infrastructural developments driving the market

LED street lights find applications in both the residential as well as the commercial sectors. They are extensively used in residential street lighting, housing complexes and warehouses, railway crossings, industrial parks, commercial districts, tunnels and bridges and rural intersections.
Growing urbanisation rates, infrastructural developments, falling LED prices and various projects by governments to reduce carbon emissions are some of the major factors that are currently bolstering the growth of the global LED street light market. Moreover, manufacturers are focussing on product up-gradations, innovations in designs and introduction of environmental-friendly products are also contributing towards the growth of the global market for LED street lights.

Popular shapes, sizes and design materials
Currently, LED street lights are popularly available in various shapes and sizes. Some of the most preferred shapes include LED Street Light (Solar), LED Street Light (Eco), LED Street Light (Lens) and LED Street Light (Cygnus).
These lights cause no heat build- up and comes in many attractive designs. Some of the design material alternatives include Aluminium die cast frame, Aluminium die cast frame with metallic silver/grey finish, Aluminium die cast frame with UV treated coating, Nylon plastic material frame and Plastic lens or tempered glass lens.

China represents the largest market

On a geographical front, the global LED based lighting products market has a presence in many countries across the globe. Currently, China represents the leading market for LED based lighting products and accounts for nearly one-fifth of the global LED market. China is followed by Europe, North America, Asia-Pacific, Japan, the Middle East & Africa and Latin America.

Some of the major players operating in this market include Nichia, Osram, Samsung Electronics, Everlight Electronics, LG Innotek, Epistar, Seoul Semiconductor, Cree, Lumileds and Mulinsen.

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About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the LED street light industry, which has enabled the clients to successfully setup and expand their businesses. Some of the company’s offerings include: