LED lighting will constitute nearly 94% of annual street lighting sales worldwide by 2023, says Navigant

Falling prices for LED street lights have spurred a global transition from older lamp technologies to newer, more efficient, and more controllable LEDs. LEDs offer city residents improved nighttime visibility and city managers cost savings from reductions in both energy consumption and maintenance costs. According to a new report from Navigant Research, the market share of LEDs in street lighting worldwide will grow from 53.3% in 2014 to 93.8% in 2023.

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via Yuichun