The development status and prospects of Led Street Lights

Led Street Light is famous for being green, environmentally friendly, and energy-saving. Compared with traditional light sources, Led Street Light has unique advantages. So what is the development status and prospect of Led Street Light? Let's take a look at it next.

Here is the content list:

l Development status

l Prospects

Development status

Before the advent of LED technology, traditional light sources such as high-pressure sodium lamps played a pivotal role in street lighting. With the emergence of LED technology and its continuous development in recent years, the current trend of replacing traditional light sources is unstoppable. At this stage, the market space of Led Street Light is still very large, and with the continuous progress of LED lighting technology, the price of Led Street Light will continue to drop, and the cost performance will be higher and higher.

At present, the country is vigorously promoting the popularization of LED street lamps in second-and third-tier cities. In 2019, the scale of China's Led Street Light market continued to grow rapidly, reaching 20 billion yuan. In 2020, the domestic Led Street Light market will reach 29 billion yuan. In the context of smart city construction, it is expected that my country's Led Street Light market will usher in a peak period in the next five years. In the past five years, the penetration rate of Led Street Light in my country has been increasing. In 2016, the penetration rate of my country's Led Street Light market was 28.70%, 29.90% in 2017, 32.10% in 2018, and 35.90% in 2019. By 2020, the penetration rate has increased to 40.1%, with rapid development. In the future, with the further advancement of smart cities and the increase in the penetration rate of Led Street Light, there is a huge space for Led Street Light to develop. It is expected that by 2025, the penetration rate of LED street lamps will reach more than 70%.

Prospects

LED light source is a new generation of the light source, which has the advantages of long life, low heat, high brightness, etc., and is called green lighting source. In the context of my country's infrastructure development, the market prospect of Led Street Light is immeasurable. In recent years, the emerging small and medium-sized LED enterprises have made the market competition more intense. At present, the world including New York, Tokyo, London, and other international metropolises are also promoting LED technology. At this stage, Led Street Light is developing smoothly in my country. Thanks to the active promotion of national policies and the continuous increase in usage, the LED industry has broad prospects.

At present, the distribution and competition pattern of the global LED industry is gradually stabilizing. Individual high-tech enterprises in some developed countries have mastered a large number of advanced LED lighting technologies and use their technological advantages to try to monopolize the global high-end market. It can be seen that huge pressure has also been accompanied by my country's LED manufacturing industry. In my country, the LED industry survives the fittest. Even if there is a huge demand in the future, many small and medium-sized enterprises will still be eliminated. Compared with developed countries, there is still a gap in the development of my country's LED industry at this stage. The government and related industries must increase investment and continue to improve R&D capabilities to make Chinese manufacturing lead the world.

The above is the relevant content about the development status and prospects of Led Street Light. If you are interested in Led Street Light, you can contact us. Our website is https://www.bestshowled.com/.