Some Important Data and Market Forecast | About OLED, Intelligent Street Lighting, Industrial Lighting and Stadium Lighting
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Some Important Data and Market Forecast | About OLED, Intelligent Street Lighting, Industrial Lighting and Stadium Lighting

Views:0     Author: 中国之光网     Publish Time: 2019-07-18      Origin: 中国之光网

Technavio released its latest research report on the global interconnected (intelligent) street lamp market from 2019 to 2023.

According to the research report, from 2019 to 2023, the smart street lamp market will grow by a compound annual growth rate of 28% to $675 million.


Intelligent Street Lamp Market Forecast

The Asia-Pacific region is expected to achieve the fastest growth rate in the forecast period, which is mainly due to the increasing technical awareness and technology adoption rate of the governments in the region. Continuous use of street lights at night increases power consumption and carbon emissions. As a result, governments in the region are adopting wireless intelligent street lighting systems to help urban authorities reduce energy costs and carbon dioxide emissions. Therefore, the smart street lamp Market in the Asia-Pacific region is expected to grow substantially in the next five years.


Forecast of Industrial Lighting Market

LED has the characteristics of long life, high energy efficiency, low cost of operation or maintenance, faster and faster ROI, which ultimately promotes its demand growth in the industrial lighting market.

Recently, the government and utility companies have begun to provide incentives to help reduce industrial energy consumption, for example, by offering discounts to help offset the cost of LED modification or facility conversion to reduce the cost of energy use.

In addition, many companies have introduced and renovated LED lamps for indoor and outdoor applications, which are slowly expanding into harsh environments.

For example, Cree Inc. launched LED LXB Linear High-Bay lamps in October 2018 for high ceilings, high ambient temperatures and high-end space. The company reported that the LXB series was launched in line with the continuing demand for linear fixtures in new industrial buildings.


Forecast of Stadium Lighting Market

The Market Research Report subdivides the global stadium lighting market according to bright light sources (HID, LED and others) and geographic regions (Asia-Pacific, Europe, North America, MEA and South America).

The Asia-Pacific region led the market in 2018, followed by Europe, North America, Multilateral Environmental Agreement (MEA) and South America. Market growth in the Asia-Pacific region can be attributed to the construction of stadiums and gymnasiums, as well as the implementation of renovation projects that seek to install efficient lighting to reduce energy consumption and maintenance costs.


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