Oversea market drives China LED street lights to a steady growth stage

Oversea market drives China LED street lights to a steady growth stage

The technology of LED chip and drive power enhancement  plague the LED lights cooling, light failure, power and other issues to be resolved. While the rapid decline of price in the LED lights enhance the cost-effective.

The domestic LED lights gradually replace the traditional street lights to become the main force of the new installation of the street. The intelligent control of street lighting strengthen the advantages of led street light. In the context of energy-saving emission reduction, LED lamp penetration rate gradually improved.

Research data show that benefit from the domestic LED market collective pick up, 2016 China's domestic LED street lamp market reached 9.46 billion, an increase of 15.4%. Till the end of 2017, the domestic LED street lamp penetration rate is nearly 40%. 

At present, the Chinese government subsidies are weak, and coastal developed areas of street lighting transformation is nearing completion. China LED street lamp transformation will enter a benign and steady growth stage, and overseas markets gradually began to become the future growth momentum.

Overseas market will be the driving force for future growth of LED lights

Sushil Kumar Modi, chief executive of Patna, India, said that as part of the National Street Light Program, LED lights will be installed soon in all state municipalities.

In addition, the government is more emphasis on the use of LED lights instead of traditional light bulbs for street lamps, because it can save 90 billion kWh of electricity in the country.

Sushil Kumar Modi added, "EESL, a joint venture of public sector power companies, will soon begin installing new LED lights in the state, where EESL is under the jurisdiction of the Biharsharif municipal administration. The survey shows that the installation of LED lights will give the municipal agency a saving of 1.31 million Rupee(about 0.134 billion yuan) per year.

In addition, in July this year, Chicago intends to replace the world's largest smart street lamp program with 250,000 

intelligent LED lights. Ameresco, a renewable energy company, will collaborate with Silver Spring Networks, a provider of Internet of Things (IoT) solutions, to convert about 85 percent of Chicago's existing street lights into smart LED lights in this four-year foundation-based modernization program.

In recent years, in the process of deepening the globalization, many countries promoted LED products. Chinese LED business start "going out". India and Chicago's large-scale replacement of LED lights is undoubtedly a good opportunity for Chinese enterprises.