On the global lighting market is concerned, LED lighting market still has great potential. In 2010 the global LED lighting market size of around $ 5 billion, in 2013 exceeded $ 10 billion, according to Frost & Sullivan estimates that between 2014 and 2017, the global LED lighting market still remains more than 30% of the average annual meets growth rate and reached more than 35 billion U.S. dollars in market size in 2017.

With the solid-state lighting technology is adopted more, LED prices will continue to decline. Price trends in GU1060W equivalent LED lamp shown below, the price dropped about $ 35 from 2010 to around $ 15 in 2017, the average annual price decline of about 12%. Decline in prices will make it easier to accept the end user LED lights, drive further growth in the global LED lighting market.

In 2012, the penetration rate of LED lights was 13.1% in the expected period, due to a further decline in prices, will further enhance the penetration is expected to reach some 50% of full market penetration in 2017. Increase global penetration mainly in outdoor and residential sectors, regions are not the same penetration. Projected to 2017, in North America and Europe will have the highest penetration rate, probably around 55%, while the Asia-Pacific region may penetration at around 50%.