The latest report”2017 LED Street Light and Commercial Lighting Market” from TrendForce LED research center（LEDinside）shows，with the promotion and policy support of all areas for LED street lights, street light replacement cases have rapidly developed. In 2017 the global LED street lighting market value reaches USD 3.30 billion, and Europe and North America still account for the largest regional market. From the perspective of shipments, the compound annual growth rate of global LED street lights is still as high as 20% in 2016~2018. Later, as LED street lights have long lifetime and replacement inventory shrinks, the shipments will slightly decline.

 

As the penetration rate of LED street lights gradually improves, along with the promotion of smart lighting and smart city, smart street lights are rapidly developing as the best entry point of the smart city. Although smart street lights are at the early development stage, various countries have begun to launch demonstration cases gradually. Most of them are first-tier lighting manufacturers and focus on small demonstration. Due higher costs of smart street lights, the European and American areas with developed economy will grow fastest over the next few years.

 

LED commercial lighting lamps mostly include tube, toffer and panel lights. In 2017 the global LED general lighting value is $6.347 billion, and in 2016~2020 the compound annual growth rate is 12%. In the global market of LED tube in 2017, China accounts for the largest market share for 23%, followed by North America and Europe, In 2017 Europe accounts for 43% market share of Troffer and panel lights.

The mainstream panel light manufacturers pay more attention to product design diversity, and importing smart dimming function in product development, the Chinese manufacturers actively layout and expansion the domestic and foreign sales channels. The highest average price’ market of mainstream products is Japan, the lowest average price’ market is China.（Vita / LEDinside）

2017 LED Street Light and Commercial Lighting Market—Outline  

 

LED Street Light and Commercial Lighting Market Scale

LED Street Light and Commercial Lighting Product and Price

LED Street Light Major Player Strategies

LED Commercial Lighting Major Player Strategies

 

If you would like to know more details, please contact:

 

Joanne Wu (Taipei)

joannewu@trendforce.com

+886-2-8978-6488 ext. 912