Northeast Group (Northeast Group) is a market research company focusing on smart energy in the United States. A few days ago, the company released a survey on the satisfaction of citizens of LED street lights in the United States. It shows that 95% of the cities in the United States that have installed SSL street lights are satisfied degree. The average energy consumption and maintenance cost have been reduced by 60% on average.
According to statistics, in the United States, the penetration rate of LED street lights is still less than 1%. Northeast Group predicts that in the United States, the LED and smart street lighting market will reach a total of $ 4.7 billion by 2025. Obviously, there are still great opportunities in the market segment.
The research report pointed out that law enforcement and public safety officials are particularly pleased with the better visibility of LED street lights. Looking to the future, Northeast Group expects that LED street lights will provide additional energy savings as technology advances. Specifically, adaptive control and dimming can additionally reduce energy consumption by 20% to 30%.
However, the unfavorable obstacle to the promotion of LED roads is the initial funding. The research report pointed out that 45% of the cities surveyed basically obtained funds from the American Recovery And Reinvestment Act (ARRA) to pay for the entire street lighting project. . In addition, 36% of urban road lighting projects used ARRA funds or other forms of funding to provide part of the funds. In most cases, ARRA funding is gone, except for several projects currently underway. Fortunately, the price of SSL is falling, making LED-based lighting more affordable and a shorter payback period.
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