Worldwide LED outdoor lighting market to grow by 46% in 2013, China contributed 30% in 2012

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Greentech Lead America:LED outdoor lighting market is estimated to grow over 46 percent annually to reach up to 2,478 million USD in 2013, driven mainly by the favorable policies across different regions, says new report from TrendForce.The global LED outdoor lighting market grew in 2012. Significantly China’s newly installed streetlights accounted for 30 percent of the global installation, mainly stimulated by government subsidies. Due to export weakness, more industries were optimistic about public lighting energy-saving projects in the Chinese market

LED lighting replacements will be popular worldwide from 2013-2015 with Asian countries including China, Japan, and Taiwan acting most aggressively, the report said.

LEDinside estimated that along with the government’s subsidy in 2013, Guangdong is expected to achieve 0.3 million installations, becoming the fastest growing regional market of LED outdoor lighting.

In other emerging countries such as Thailand, Russia, Latin America and Africa, considerable streetlight replacements will also be installed in 2014.

However, installation of LED  streetlight replacements will gradually slow down in 2015, and the number of worldwide LED streetlight replacements and newly installed LED streetlights will be maintained at approximately 10 million/year.

Cities in the US and Canada including San Diego, Seattle, and Los Angeles have successively launched LED streetlight replacement projects in the second half of 2012.

Fierce competition in the market has resulted in a further decrease in product price. Though large manufacturers contribute for majority of shipments, a few new manufacturers are still entering the market.

Local manufacturers such as Cooper Lighting, Cree, and GE Lighting have also successively introduced new product lines in order to meet different application demands. International manufacturers in Europe are in the same direction.

With a budget of 2 billion NTD, the LED street light energy saving project launched by Taiwan’s Bureau of Energy is expected to replace 250,000 streetlights with LED streetlights from 2013-2014.

Although competitive market price has resulted in a low bidding price, with maintenance and warranty costs, manufacturers may not be able to gain much profit. They may, however, still bring in revenue. Bidding winner, such as Leotek Electronics, Everlight Electronics, Delta Electronics, and Leadray Energy Co. are expected to benefit the most.

Also read: LED light bulb retail price declined most significantly in the Japanese market, says LEDinside

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