Outdoor commercial lighting is certainly gaining appeal with businesses and real estate development companies. Although most of them may not think about using solar panels to run their outdoor lights.
The size of the overall commercial outdoor lighting market is estimated at $11 billion. Within that, there’s a pronounced shift to LED technologies. In 2012, for example, 54 percent of the 2 million luminaires installed along roadways and tunnels around the world were LED format, reports Strategies Unlimited in its January 2014 report on outdoor area and street lighting. Another forecast from Navigant Research predicts shipments of smart, LED-based street lights will top 17 million by 2020.
No one appears to have cooked up a reliable separate market forecast for the niche solar sector which some believe to be experiencing a renaissance.
Read the full article at Forbes.com.