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