Global LED street lamps shipments are estimated to grow 224% to 1.46 million units in 2009, according to Taiwan's Photonics Industry & Technology Development Association (PIDA).
PIDA reports that the total revenue from the increased number of LED street lamps ordered worldwide will double instead of tripling to US$816 million, a rise of about 99%. This means that the price charged for LED street lamps will go down somewhat in 2009.
In 2008, global LED street lamp shipments were 450,000 units with total value of US$410 million. This was short of previous PIDA predictions of 460,000 units with total value of US$755 million. PIDA estimates that the global shipment value for LED street lamp will further increase to US$1.41 billion in 2010, US$2.3 billion in 2011, and US$3.17 billion in 2012.
