According to the US market research firm Transparency Market Research’s latest report shows that the global LED lighting market is expected to grow business by 30.8% compound annual growth rate (CAGR) from 2012’s 12.92 billion US dollars in 2019 to grow to $ 86.08 billion.
Global LED commercial lighting market according to the end user and the geographical position is divided into different categories.In view of the different end users, LED commercial lighting markets around the world can be divided into industrial, commercial, building and outdoor lighting.And commercial lighting can be further divided into office buildings, hotels and restaurants, retail stores, warehouse and storage, as well as the education institutions.Geographically, LED commercial lighting markets around the world is divided into North America, Europe, the asia-pacific region and other parts of the world.
In view of the geographic market segments, Europe in the global LED lighting industry and commerce with largest market share in the market.In 2012, the European market share of about 33.1%.The existence of Europe is so strong in the market can be attributed to an increasing number of government investment.Europe is prohibited to produce and import all incandescent provides additional power for the market.In addition, Germany, Russia, Denmark and Britain and other countries also are studying the efficient lighting solutions, this also leads to the LED lighting market growth in industry and business.
In terms of end user, the commercial lighting market share of 52.5% in 2012.Market growth of the main power comes from the user to reduce energy consumption and CO2 emissions consciousness unceasing enhancement.Secondly, more and more government banned incandescent lamp can drive LED commercial lighting market growth.In addition, the Chinese government’s efforts to stop the production of more than 100 w incandescent lamp has also led to the market growth.
Global LED business lighting market leading companies, including Cooper Industries (Cooper Industries), Osram (Osram Lict AG), Digital Lumens, Dialight, Cree (Cree), Royal Philips Electronics (Koninklijke Philips Electronics), GE Lighting Solutions, Zumtobel AG and Toshiba (Toshiba). Because these innovative technology companies continue efforts to develop a simple, long-term solutions, global commercial and industrial LED lighting market will witness tremendous growth. Samsung’s latest Bluetooth technology, a combination of LED light bulbs is expected to sweep the entire LED lighting business market.