2015 - 2021 Global Construction LED market prospects

According to the foreign market research firm Persistence Market Research report, the global construction market will usher in LED steady growth. Governments around the world to enforce the rules and regulations to encourage the construction sector to deploy LED lighting systems have greatly stimulated the booming construction market of LED products.

2015 Global Construction LED market scale reached 3.9775 billion US dollars, analysts expect 2021 global construction LED market will jump to $ 10.751 billion in 2015 - a compound annual growth rate during 2021 was 17.90%.

Traditional LED product demand stable

From the type of view, solar LED products and traditional architectural LED LED product is the world's two most important market areas. Traditional LED products currently dominate the global LED market building, market valuations in 2014 and 2015 respectively, the traditional LED product $ 3.209 billion and $ 3.746 billion.

LED lamps, LED lights and linear growth in demand for products to promote the traditional LED product market development, LED products will be the future of these architectural LED market leading military.

Wall wash, cove lighting, backlighting, special lighting become the main application

Wall wash, cove lighting, backlighting and specialty lighting applications are the main architectural LED products. 2014 architectural LED wash wall art market valuation of $ 1,325,700,000, analysts expect 2015 the figure was $ 1.557 billion, 38.8% to seize market share.

Museums and modern buildings and other large area lighting system surge in demand for places to promote the building LED market in 2015 - a compound annual growth rate during 2021 was 18.5%.

Commerce has become the largest end-user

Commercial areas and residential areas of architectural LED products market has become a major end-users. 2014 business areas accounted for 76.9% of total global construction LED market revenue, and analysts expect its share in 2015 will rise to 77.3%.

Retail, financial services and insurance, IT, telecommunications, healthcare, media and entertainment industries, museums and other commercial areas become a major global construction market LED products.

Asia-Pacific region to maintain market leadership

Market architectural LED products are: Asia Pacific, North America, Latin America, Europe, Middle East and Africa. 2015 Asia-Pacific region to seize the market share of 47.1%, in 2015 - 2021 period, architectural LED products market in Asia Pacific to grow at the highest CAGR, to maintain steady growth in other regions.

Building the world's major manufacturers of LED products market: Samsung Electronics, Eaton, Verbatim, Osram, Philips, Lumileds, Epistar, Toshiba, Cree and GE lighting.