What will be the LED street light trend in 2021?

With the change of the times, many things in our lives are changing. Our way of travel and the surrounding areas of our lives are all changing. Although it is said that technology has advanced, these changes are also due to the need to build a modern city. However, as people living in modern cities, we don't think the changes around our lives are obvious. In fact, our cities are undergoing renovations, whether it is building commercial districts or planning roads, this is being carried out in every city. This is no big deal for us, but for businessmen who work on related products, this is a business opportunity, because urbanization and planning roads need to be replaced, especially replacing old street lights with new LED street lights , So many people who are engaged in LED street light products will pay more attention to what the trend of LED street lights will be. Today, let me bring you relevant data analysis on what will be the trend of LED street lights in 2021.

What will be the LED street light trend in 2021?

If we want to talk about the construction of modern cities and roads, we have to mention one of the best, China, which is also one of the world’s largest economies. We often see some information about China on various media or social networks. However, in fact, many of them are malicious smears or lead us to leave some bad impressions about China. In fact, China’s first-tier city construction is comparable to the most developed cities in our country, and China’s developed cities have been carried out a long time ago. The city has been renovated, so if you have the opportunity to go to a developed city in China, you will see high-rise buildings all over the ground, the urban construction is very good, the facilities and equipment are also the latest, just like the street lights are also the latest LED street lights.

So why did China's developed cities first take the step of replacing old street lights with LED street lights? This can be said to be a microcosm of future cities, which means that cities all over the world will take this step in the future, and that is to use LED street lights as the main product of road lighting. Let us look at a data.

The above shows the total number of LED street lights in China in the past few years. We can see that there has been an upward trend since 2014, and the annual increase is more than 25%.According to agency data, the total number of LED street lights in China now exceeds 30 million. With the popularization of 5G, more and more cities will use LED street lights as the main road lighting products, because LED street lights are more intelligent and more intelligent. It is easy to manage, and at the same time it can bring more stability, faster response speed, brighter lighting, and energy consumption is reduced by 60% compared with the old street lights, which is very in line with the green environmental protection currently advocated.

The scale of the global smart street lamp market is expected to maintain rapid growth

According to the market research report released by the technology research company, the global LED smart pole market size is about 5.75 billion U.S. dollars in 2019, and it is predicted that the global LED smart pole market size may increase by 7.97 billion U.S. dollars during 2020-2024. The compound annual growth rate is about 19%.

Because the urban development of various countries and regions is different, the penetration rate of LED street lights is also different. Countries with more developed urban development, such as Japan, have an LED penetration rate of about 44%, while South America has only 5%. Therefore, the market demand for LED street lights is still great, but what we need is to find the right countries that are vigorously developing urban construction, so that we can well follow the trend.

In general, the LED street lamp trend in 2021 is showing an upward trend, and the future demand and development trend will continue to grow. What we practitioners of LED lighting products have to do is to grasp this trend. . If you are interested in LED lighting products and want to know more about the development trend of LED lighting products, you can pay more attention to us HISHINE Group Limited. We will bring you more industry information about LED products. Thank you.