Analysis of the development of LED street lights and LED tunnel lights

The data shows that the total number of global LED street lights and LED tunnel lights in 2009 was about 2.5 million, with a penetration rate of only 1%. By 2010, the total number of LED street lights and LED tunnel lights had reached 4.5 million, and the penetration rate exceeded 2%. The report also predicts that the global market demand for LED street lights and LED tunnel lights will grow rapidly after 2010, with a compound annual growth rate of 97.75% from 2009 to 2013. It is estimated that by 2013, the total market demand for global LED street lights and LED tunnel lights will reach 2.159 billion US dollars. As far as the current situation of LED terminal products is concerned, by 2013, LED application technology will begin to mature and global demand will increase rapidly. LED street lights and LED tunnel lights have become an important project in the development of outdoor lighting. The biggest difference from general consumer products is that the market development of LED street lights and LED tunnel lights depends on the budget of the national government. As an emerging industry, LED has formed a complete global industrial chain layout. As can be seen from the data in the above two figures, the development of LED street lights and LED tunnel lights in China has far exceeded the speed of other parts of the world.