The US market is currently leader in outdoor LED lighting applications, thus proving its viability. And although China has more installations, some quality issues have arisen causing the Chinese market to shrink in 2011to address these issues. The quality consciousness in North America and elsewhere has kept progress towards transitioning to LEDs, and keeping high quality standards, to which china will adjust.
The price drops, from 2010 onward, have been a strong leverage for manufacturers and will help post-pilot and post-stimulus programs.
Forecasts further show that the compound annual growth rate (CAGR) for unit growth will increase 26% between 2010 and 2015 but, the CAGR for revenues will be only 11% as downward pressure on price continues. By 2015, the market is expected to generate more than $544 billion, and since LEDs will more and more compete against other efficient technologies, the viability of outdoor LED application will be a test for the technology.