LED street lights are quite superior compared to the older lighting technologies like High Pressure Sodium (HPS) lamps, incandescent lamps and fluorescent lamps. These lights use 40-80% less electricity and have at least 5 times more life expectancy than regular High Pressure Sodium (HPS) lamps. They are seven times more energy efficient than incandescent lamps and twice as efficient as fluorescent lamps. Thus, they increase the replacement time thereby reducing expenses on their replacement and labor. These lights are even recyclable, contain no harmful gases and substances like mercury, lead or other hazardous chemicals and don’t require special handling and waste management procedures.
IMARC’s latest study “LED Street Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” provides a techno-commercial roadmap for setting up an LED street light manufacturing plant. The study covers all the requisite aspects of the LED street light market. This ranges from macro overview of the market to micro details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics including expected returns on investment, profit margins, etc. 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.
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