By Jesse Berst.

A new report from Navigant Research anticipates that light-emitting diodes (LEDs) will be the leading lamp type for outdoor lighting systems in just 10 years. This isn’t a big surprise, given LED prices continue to fall and cities are starting to see that investing in LEDs as part of a networked lighting system can provide multiple advantages.

Navigant’s report – Outdoor and Parking Lighting Systems – forecasts that worldwide shipments of luminaires with LED lamps for outdoor and parking applications will grow from 4.1 million annually in 2014 to nearly 14 million in 2023.

“LED outdoor area luminaires must compete with existing technologies that are relatively energy efficient and low cost, making lifetime cost savings more challenging in a market led by retrofits and replacements,” says Jesse Foote, senior research analyst with Navigant.  “With LED prices continuing to fall, however, the case for replacing today’s most prevalent lighting technologies is becoming more and more compelling.”

Networking outdoor lighting systems as part of smart cities initiatives will also play a role in the market growth too. As the Navigant report points out, smart lighting systems can make decisions in real time. A networked light in a city park, for example, can detect when an individual lamp burns out and immediately schedule a maintenance crew visit.

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Originally posted at Smart Cities Council.