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LED to account for 19% of transportation lamp revenues in 2015, says IHS

2015-08-01 00:07:05

LED lighting is forecast to reach 19% of total lamp revenues in transportation lighting in 2015, according to IHS. The total worldwide revenue for office lamps is projected to reach US$1 billion in 2015, of which US$0.2 billion is anticipated to be LED. LED, which is increasing its market penetration, generally has a high initial installation cost, but lower maintenance and energy costs. The other main technology is high intensity discharge (HID).

The key factors used to make decisions about transportation lighting installations include security, quality of light, upfront costs, running costs, and ease of maintenance. In transportation lighting projects installed in 2014, service and maintenance accounted for 21% of project cost, compared with 58% for equipment, 17% for installation, and 4% for design and engineering.

Increasing use of LED lighting is only part of the story, as the lighting industry is also shifting toward smart lighting, which is just beginning to penetrate the transportation segment, especially in urban street lighting. The reasons for the shift to smart lighting are two-fold: First, it is common to dim or turn off lighting, depending on the time of day or ambient light levels; and second, centralized control of multiple street and transport lights is becoming more common.