July 30, 2014 – China – According to the study static from famous led high bay supplier ZMM group, the installation rate of street lamps worldwide forecast to approximately 93.8 percent of the wholly global area. And now, this rate has just beyond over 53 percent. However, from 2014 to 2017, other global LED outdoor lighting will usher leak for replacement.
As we all know, the global popularity of LED lights such as LED high bay lights is due to the global pushing for the concept of energy efficiency, the price falling and technology upgrades. However, due to LED prices continue to erode and the changing rate of the LED product will decline. The wholly revenue of these LED street lights manufacturers will have relatively falling after a period of time. Navigant forecast that global revenue in LED street lights at 2023 will be reduced to 2.3 billion dollars from the 2.5 billion dollars from 2014.
When the time enters into 2014, the global LED outdoor lighting facelift tide has been greatly accelerated. As the official static from famous LED street lights online seller ZMM group, there are more than 600 cities in the United States is planning to replace all of their traditional lights by the energy saving and stable LED street lights, which the city of New York will replace 250,000 street lights in 2017 and this city will also replace all lighting source in their business district with LED decorative lighting fixtures. This plan could be regarded as the largest LED street lights changing plan in North America (www.facebook.com/ZMMLEDHighBayLight). Coupled with the replacement trend in Europe, China, Japan and other countries, the totally changing rate will beyond 20 percent from 2014 to 2017. From the order increasing of ZMM group, people could easily feel this global trend.
There are also other emerging market countries, such as Thailand, Russia, Latin America and Africa where will usher in massive street facelift tide in 2014. Until 2015, the penetration rate of LED street lights will gradually become slow and growth rate will began to decline. The global annual scale for LED lights changing and the number increasing of new LED lights will remain at around 10 million of each year.
As professional led high bay lights and street lights manufacturer and supplier, ZMM group has devoted into this industry from almost 5 years. In a word, their high quality and low price products will eventually meet with the demand of each consumer.
About ZMM Group
We are the professional manufacturer and supplier for all kinds of LED High Bay Light, LED Flood Light, LED Street Light, LED Warehouse Light retrofit fixtures and other related LED products.