The LED outdoor lighting replacement trend is growing with over 600 cities in the U.S. already planning to switch old streetlights to LEDs, according to Commercial Times. New York plans to switch roughly 25,000 streetlights to LEDs by 2017, making it the largest undertaking in the North American market. Europe, China, and Japan are also initiating replacement projects. LEDinside estimates that compound annual growth rate will surpass 20 percent in 2014-2017, which will encourage lowered stock prices.