Global LED lighting penetration rate is rapidly improved, in 2014 the estimated market value of up to $ 17.8 billion , the overall number of LED lighting products shipped 1.32 billion , compared with 2013 growth of 68%.
ENELTEC said the global LED lighting products would replace the influx from the rapid decrease in the price , with the most obvious alternative source products , bulb and lamp are most welcomed by the market to replace the light source type , accounting for 2013 LED lighting products 38% and 25%. In addition , integrated LED lighting product types future demand will gradually rise , especially in conjunction with the wisdom of lighting applications products, it is expected that in 2014 the proportion of LED lighting products will be expected to increase year by year .
Among the regional markets LED lighting , LED lighting for the North American market, efforts to support the government is gradually increasing, the U.S. Energy Star lighting products , such as the number of subsidy programs grew rapidly , prompting further reduce prices of LED lighting products . Cree and other manufacturers are optimistic about 2014 LED lighting market development , and sales growth is expected to replace the lighting products will become the next focus . ENELTEC research data show that in 2014 the amount of LED lighting products in North America, the growth rate is expected to reach 72%.
In addition, Latin American countries such as Brazil , LED lighting market is showing rapid growth , the amount of LED lighting products is estimated to reach 64 percent growth rate , especially in the commercial market LED grow the most significant. Belong to the mature markets of Europe, although did not see massive subsidies, but its high price and the difference in light culture , making commercial lighting and outdoor architectural lighting applications persistent situational demand in the coming years with a total ban on incandescent bulbs the impact of policies fermentation, estimates the market will continue to show steady growth trend, in 2014 the growth rate of the amount of LED lighting products is expected to reach 69%.