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LED Street Lights Manufacturers Are Expected to Grow More Than 12 Times in The Next Decade

xiuxiuxiuxiu Posts: 221Registered User Cupcake Princess

LED street lights are light emitting diode (LED) products that are assembled into a light (or light bulb) for use in a lighting device. LED lights have lifetimes and electrical efficiencies that are several times larger than incandescent lights and are significantly more efficient than most fluorescent lights, with some chips capable of emitting more than 300 lumens per watt. Led street lights Manufacturers(CLASSIC)

are expected to grow more than 12 times in the next decade, from $2 billion in early 2014 to $25 billion in 2023, with a compound annual growth rate (CAGR) of 25%. As of 2016, LED street lights use only about 10% of the energy required for incandescent lights.

Like incandescent lights, and unlike most fluorescent lights (such as tubes and compact fluorescent lights or CFLs), LEDs achieve full brightness without the need for warm-up time, and the life of fluorescent lights can be reduced by frequent opening and closing. The initial cost of LEDs is usually higher. Over time, the degradation of LED dyes and packaging materials will reduce light output to some extent.

Some LED street lights are made directly as a direct replacement for incandescent or fluorescent lights. The LED street light package can display lumen output, power consumption in watts, color temperature in Kelvin or description (eg "warm white"), operating temperature range, and equivalent wattage of incandescent lights are sometimes similar to illuminating output.

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