Global LED Street light market to surpass US $2 Billion by 2020
The LED streetlighting market is set to surpass US$2 billion by 2020 thanks to surging sales across the globe, according to a report by Pike Research.
LED (light emitting diode) lamps for street lights are set to generate over US$2 billion in yearly revenue by 2020, the Street Smart Lighting authors found.
LEDs are also expected to overtake sales of the high pressure sodium lamps that are traditionally used for street lights, as soon as 2015.
The surging LED lighting sales are due to improvements in efficiency as well as lower costs, which have fallen as much as...