Tuesday, 20 September 2016

Global LED Street Light Market Catalysed by Energy Efficiency and Longer Life Span

LED street lights are actively substituting conventional street lights across the globe.  Some of the key factors driving their growth include: government initiatives to reduce greenhouse gas emissions, energy efficiency, longer life span, innovations in design and a growing demand from emerging markets.

Street lights play a crucial role in the safety and security of public streets and places. With growing economies and infrastructural developments, the number of street lights has also grown over the past several years. A new report released by IMARC Group titled “LED Street Light Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” critically examines the global LED street light market. LED street lights are promptly switching the old street light technology in the commercial as well as the residential sectors as they are more energy efficient, have longer life span, contain no harmful substances and offer low maintenance costs.
The global LED street light market has come a long way over a period of time and is envisaged to witness a tremendous growth in the upcoming years. The major factors that have been proactive in maintaining a stable growth of this market are growing urbanization rates, infrastructural development, falling LED prices, introduction of innovative products by manufacturers, various government initiatives to reduce carbon emissions and growing demand from emerging regions. The report has segmented the global LED street light market on the basis of key application areas. LED street lights are used in highways and roadways to provide a safe and convenient driving route at night. Apart from highways, LED street lights are also used in railway crossings, tunnels and bridges, housing complexes and warehouses, residential street lighting, industrial parks and rural intersections.
This report has provided a detailed technical insight on setting up and operating an LED street light manufacturing plant. It covers all the prerequisites of the LED street light industry and provides a comprehensive analysis of the market, industry performance, market share analysis of key regions along with profiles of major players, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. In order to provide a clearer picture, the report has also presented this information in the form of a dynamic excel model where users can analyse the entire information and also change various inputs according to their requirements. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the LED street light market in any manner.

Enquiry for sample report or more details, click here: http://www.imarcgroup.com/enquiry-form/

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