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Global LED outdoor lighting market to grow 46% in 2013

Posted: 11 Mar 2013 ?? ?Print Version ?Bookmark and Share

Keywords:LED? outdoor lighting? streetlights? heat sinks?

According to the latest forecast from LEDinside, a research arm of TrendForce, the popularity of LED outdoor lighting replacements from 2013-2015 will push the LED outdoor lighting market value to more than 46 per cent at $2,478 million this year. Some of the countries driving the growth include China, Japan and Taiwan, noted the market research firm.

In other emerging countries such as Thailand, Russia, Latin America and Africa, considerable streetlight replacements will also be installed in 2014. The installation of LED streetlight replacements will gradually slow down in 2015, and the number of worldwide LED streetlight replacements and newly installed LED streetlights will be maintained at nearly 10 million/year.

The global LED outdoor lighting market grew in 2012, with China's newly installed streetlights accounting for 30 per cent of the global installation. This growth was mainly stimulated by government subsidies. Due to export weakness, more industries were optimistic about public lighting energy-saving projects in the Chinese market. Fierce competition in the market has resulted in a further decrease in product price, shipments are mostly from large manufacturers, yet a certain amount of new manufacturers are still entering the market. LEDinside estimated that along with the government's subsidy in 2013, Guangdong is expected to achieve 0.3 million installations, becoming the fastest growing regional market of LED outdoor lighting.

The LED street light energy saving project launched by Taiwan's Bureau of Energy is expected to replace 250,000 streetlights with LED streetlights from 2013-2014. The most favourable terms is applied in the bidding investigation, which is beneficial to Taiwan manufacturers that produce chips, LED components, power supply and heat sinks. LEDinside indicated that although competitive market price has resulted in a low bidding price, with maintenance and warranty costs, manufacturers may not be able to gain much profit. They may, however, still bring in revenue. Bidding winner, such as Leotek Electronics, Everlight Electronics, Delta Electronics and Leadray Energy Co. are expected to benefit the most.

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