According to the market research company Strategies Unlimited's latest report on “Market Analysis and Forecast of LED for Outdoor and Large Space Lightingâ€, the United States has achieved a leading position in the field of LED outdoor lighting.
The report believes that although China has installed many outdoor lighting fixtures, due to quality problems, the scale of China's outdoor LED lighting market has shrunk in 2011. In North America, with the joint efforts of the U.S. Department of Energy, the U.S. Urban Solid State Lighting Street Lighting Association, and the U.S. Lighting Design Association, people’s awareness of quality has continued to increase, and the transition from traditional lighting to LED technology has been promoted.
Since the fourth quarter of 2010, the price of LED packaging has dropped by 20-25%, and Strategies Unlimited also predicts that the average price of outdoor lighting will continue to fall in 2011, and this trend may continue and accelerate in 2012. Although the compound annual growth rate (CAGR) of LED lamp shipments from 2010 to 2015 is expected to be 26%, the compound annual growth rate of revenue is expected to be only 11% due to price adjustments. It will reach 54.4 billion U.S. dollars.
The report believes that although China has installed many outdoor lighting fixtures, due to quality problems, the scale of China's outdoor LED lighting market has shrunk in 2011. In North America, with the joint efforts of the U.S. Department of Energy, the U.S. Urban Solid State Lighting Street Lighting Association, and the U.S. Lighting Design Association, people’s awareness of quality has continued to increase, and the transition from traditional lighting to LED technology has been promoted.
Since the fourth quarter of 2010, the price of LED packaging has dropped by 20-25%, and Strategies Unlimited also predicts that the average price of outdoor lighting will continue to fall in 2011, and this trend may continue and accelerate in 2012. Although the compound annual growth rate (CAGR) of LED lamp shipments from 2010 to 2015 is expected to be 26%, the compound annual growth rate of revenue is expected to be only 11% due to price adjustments. It will reach 54.4 billion U.S. dollars.
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