LED-Based Street Lighting Market to Surpass $2 Billion by 2020, Forecasts Pike Research

Wed Feb 27, 2013 11:15am EST

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BOULDER, Colo.--(Business Wire)--
Dramatically falling costs and improvements in efficiency aredriving increased
sales of light emitting diode (LED) lamps for street lighting. Costs have fallen
as much as 50 percent over the past two years, and areexpected to continue
falling. According to a new report from Pike Research, a part of Navigant`s
Energy Practice, by 2015, LEDs will become the second-leading type of lamp for
street lights in terms of sales, behind only high pressure sodium lamps. By
2020, the study concludes, LED lamps for street lights will generate more than
$2 billion in annual revenue. 

"Broader investments in smart city infrastructure by municipal governments will
boost smart street lighting projects, as the two go hand in hand," says research
analyst Jesse Foote. "Smart street lighting systems can provide a backbone for
other smart city applications, and conversely, a city investing in networking
capabilities for smart city applications should also be looking to include
better management of street lighting." 

Nearly all smart street lighting projects are still in a pilot phase at the
moment, according to the report. The adoption of LED street lights and networked
control systems is seriously hindered by the ownership models and tariff
structures in place across the United States and in some European and Asian
locations as well. If utility companies own street lighting systems and charge a
fixed tariff per light to municipalities, then towns have little financial
incentive to pay for upgrading their lights. However, the potential for
significant energy savings, reduced emissions and improved quality of service,
combined with falling LED prices, means that more and more cities will find this
an attractive proposition over time. 

The report, "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

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 Utilities, 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.

Pike Research
Richard Martin, +1-303-997-7609
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com



Copyright Business Wire 2013

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