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Ev> Blog> By 2023, the global street lamp is over 90 for LED lights.

By 2023, the global street lamp is over 90 for LED lights.

February 03, 2024
According to a research report on intelligent street lamps by Navigant, it is predicted that around 203.8 global LEDs will be LEDs in 2023. Today, this figure is just over 53%. This is due to global energy-saving push, price declines and technological upgrades of LED street lights. However, as LED prices continue to erode, LED products will lead to fewer alternatives and will begin to decline in overall revenue from street lighting. According to Navigant's forecast, global streetlight revenue will drop from $2.5 billion in 2014 to $2.3 billion in 2023.
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