Will reach $30.5 billion in 2016 LED lighting market scale development trend analysis
LED lighting LED lighting that is, a solid is a semiconductor light emitting device. Led lighting is getting deeper and deeper into the public life. So, what is its market size? For details, please see the analysis of the development trend of the LED lighting market in 2016 .
led lighting market gradually improve, TrendForce's Green Energy Business Division LEDinside latest "2016 global LED lighting market trend," research report, LED lighting market in 2015 will come to $ 25.7 billion, the penetration rate of 31%; in 2016 reached 305 With billions of dollars, the penetration rate has increased to 36%.
Wu Yingjie, an associate researcher at LEDinside, said that the price of alternative light source products (including lamps and bulbs) has fallen sharply and the profit is not good. Therefore, lighting manufacturers will begin to shift their focus to professional lighting, and they expect governments to introduce domestic demand policies. To stimulate the development of public construction expenditures and new cases, the growth potential of engineering lighting, commercial lighting and architectural lighting will not be underestimated.
Lighting applications are diversified, and the US and Indian lighting market demand is expected
Highly developed countries such as Europe, the United States and Japan continue to develop professional lighting, and hope to have a place in the market through product diversification and differentiation; emerging countries have unlimited market opportunities due to national policies, giant projects and economic development. Wu Yingjie pointed out that in the global lighting market in 2016, the growth momentum of the United States and India will be the strongest, which deserves attention. For more information on the latest LED lighting industry, please refer to the “ Analysis Report on the Impact of China's “Belt and Road†Strategic Planning on Solar LED Lighting Industry †from the China Report Hall .
In 2015, the demand for the US lighting market is relatively strong in the world, and commercial/engineering lighting, plant lighting, and marine lighting will become the main growth kinetics of the local lighting market. In the case of major LED manufacturers in the United States actively develop LED lighting business, led lighting products continue to grow, LED commercial / engineering lighting demand continues to grow strongly, with the fastest growing market demand for Troffer, panel lights, tunnel lights, patio lights, and Progress towards new applications such as smart and optical communications. In terms of niche lighting, the application of the plant lighting market is the most noteworthy. Because of the legalization of medical cannabis cultivation, the openness of cannabis in Colorado and Washington, entrepreneurs and lighting system manufacturers have seen this wave of gold rush, ready to go.
The development of lighting markets in emerging markets such as India, Africa and Southeast Asia is closely related to policy and market standards. In India, for example, the Indian government is scheduled to bid for 200 million light bulbs by the end of 2016. In addition, the Indian government has also publicly tendered led street lights . Since the winners' conditions must meet certain revenues, capacity scales, and manufacturing capabilities, lighting manufacturers are encouraged to actively set up factories with local lighting factories. It is expected that the Indian LED lighting market will continue to burn in 2016.
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Shenzhen LED Business Network focuses on LED B2B business platform, promoting LED enterprises to achieve Internet +. For details, please click http://, LED Business Network
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