[October 16, 2012] |
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Shipments of LED-Based Street Lights will Surpass 17 Million by 2020, According to Pike Research
BOULDER, Colo. --(Business Wire)--
The market for street lighting is in a period of dramatic
transformation. New lamp options have recently become available for
street lights, most notably light-emitting diodes (LEDs), and the advent
of networked systems for central monitoring and control is enabling a
range of intelligent management and energy savings options. According to
a new report from Pike
Research, a part of Navigant's Energy Practice, unit shipments of
LED lamps for street lights will rise from fewer than 3 million in 2012
to more than 17 million in 2020.
"LED lamps allow for better dimming control than standard street lights,
and their electronics allow for easy integration of control nodes," says
senior research analyst Eric Woods. "Rising sales of LED lamps will
therefore drive up the adoption of smart street lighting systems, which
promise to bring new levels of control and efficiency to the
illumination of our cities, communities, highways, and public spaces."
At the moment, however, nearly all smart street lighting projects are
still in a pilot phase, with only a handful of large-scale installations
in place to date. LED street lights currently cost roughly four times as
much as their high pressure sodium counterparts, placing them out of
reach for many cash-strapped municipalities. The financial case for
networked control systems can be even more difficult, according to the
report. For this reason smart systems are being installed primarily to
reduce maintenance costs, improve monitoring, and enhance public safety,
rather than energy savings alone.
The report, < rel="nofollow" href="http://cts.businesswire.com/ct/CT id=smartlink&url=http%3A%2F%2Fwww.pikeresearch.com%2Fresearch%2Fsmart-street-lighting&esheet=50442074&lan=en-US&anchor=%E2%80%9CSmart+Street+Lighting%E2%80%9D&index=2&md5=357faccd7d0f939ef6f1b038f5e3aacd">"Smart
Street Lighting", analyzes the global market opportunity for lamp
upgrades and networked lighting controls across five categories of
public outdoor lighting: highways, roads, parking lots, city parks, and
sports stadiums. The report provides a comprehensive assessment of the
demand drivers, obstacles, policy factors, and technology issues
associated with the growing market for street lighting controls. Key
industry players are profiled in depth and worldwide revenue and
capacity forecasts, segmented by lamp type and region, extend through
2020. An Executive Summary of the report is available for free download
on the Pike
Research website.
About Pike Research (News - Alert)
Pike Research, which joined Navigant's global Energy Practice on July 1,
2012, provides in-depth analysis of global clean technology markets. The
team's research methodology combines supply-side industry analysis,
end-user primary research and demand assessment, and deep examination of
technology trends to provide a comprehensive view of the Smart Energy,
Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings
sectors. Additional information about Pike Research can be found at www.navigant.com/pikeresearch.
About Navigant
Navigant (NYSE: NCI) is a specialized, global expert services firm
dedicated to assisting clients in creating and protecting value in the
face of critical business risks and opportunities. Through senior level
engagement with clients, Navigant professionals combine technical
expertise in Disputes and Investigations, Economics, Financial Advisory
and Management Consulting, with business pragmatism in the highly
regulated Construction, Energy, Financial Services and Healthcare
industries to support clients in addressing their most critical business
needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the
report, "Smart Street Lighting," is a summary and reflects Pike
Research's current expectations based on market data and trend analysis.
Market predictions and expectations are inherently uncertain and actual
results may differ materially from those contained in this press release
or the report. Please refer to the full report for a complete
understanding of the assumptions underlying the report's conclusions and
the methodologies used to create the report. Neither Pike Research nor
Navigant undertakes any obligation to update any of the information
contained in this press release or the report.

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