The LED for outdoor have seen their price fall about 20-25% on the Q4 of 2010. The viability of LEDs in outdoor applications will be a test for LED technology's competitiveness as a whole. Especially in China where street lighting is the biggest sector for LED adoption. This price decline is proving to be a boon for quality luminary manufacturers. China is the world's largest market for outdoor LED lighting, but the market contracted in 2011 due to reliability issues. China's LED market will rise to $11.1 billion in 2015, for a 5-year CAGR (Compound Annual Growth Rate) of 17.7%.
As Vincent Gu (analyst for China electronics research at HIS) said, street lighting is a major LED adoption drive, the largest in China. LED street lights will bring in $1.5 billion this year and should hit $1.8 billion in 2012. It is followed by other LED applications, such as LCD TV and laptop backlights.
The China's LED industry is lagging on technological capabilities and has a paucity of adequately experienced management teams and engineers in R&D. While in North America, quality consciousness has kept the LED transition's momentum up, thanks in part to the US Department of Energy (DOE), and efforts by the Municipal Solid-State Street Lighting Consortium and the Design Lights Consortium.