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Right now, very few businesses or real estate development companies would think first about using solar panels to run their outdoor lights, but in places where there is no established cabling, solar lights really can make sense from an economic and efficiency standpoint. And I'm not just talking about in emerging nations.
ClearWorld is spearheading this movement with flexibly wrapped Solar LED street lights that add value for lighting roadways but provide a resiliency measure when the grid winds down. Our unique product can be broadly segmented into 4 primary application types: New Installations (Off-grid), RetroFit: Light Poles (On-grid), RetroFit: Distributed Solar, Smart Grid/Smart City solutions.
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. Another forecast from Navigant Research predicts shipments of smart, LED-based street lights will top 17 million by 2020.
IoT technologies make it possible for ClearWorld to access natural resources and use them to their maximum potential. Without this inventive technology and smart city applications, many of the residents of rural areas would not have access to the energy storage that they rely on.