A substantial increase in industrial and commercial areas LED lighting needs

In the rapidly dropping price of LED lamps situation, LED lighting application will be getting bigger, according to Eneltec published study reported that in 2015 the global lighting market will reach $ 82.1 billion, of which LED lighting applications is expected to reach 25.7 billion dollars, the market penetration rate of 31%.

In the global government policy support, product prices fell, lifting lower consumer demand for energy-saving incentives such as three bullish, LED lighting demand is expected to drive the growth of substantial growth, ITRI IEK research center estimated 2019 LED lighting market will reach $ 72.6 billion , accounting for 47.7% of the global lighting market. Europe has always been the pursuit of environmental protection is still the greatest demand for LED lighting market, accounting for about 23% of the proportion of the market on a global scale, in addition to general market demand remains strong outside the home, commercial lighting and outdoor architectural lighting market demand has continued to rise in.

The world's second largest LED lighting market, compared with the mainland, the overall market share will reach 21%, driven by the continued strong demand at the next 1 to 2 years is expected to become the world's largest LED lighting market. However, because the mainland is the world's major manufacturing base of LED lighting products, under a number of suppliers to compete, price plunge has been facing difficulties, but also led to forced global LED lamps prices decline.

With LED lighting technology continues to progress, in the light efficiency equal to conventional energy saving bulbs, life expectancy is up to 3 times the advantages, LED lighting has already officially entered the practical stage. But many manufacturers in the face of overcapacity situation, began to strong price competition, a 60W LED bulb prices down to $ 10, 3W LED bulb more immediate concern to 1.45 yuan, low price of such blind, vicious competition trend, certainly short-sighted self-defeating acts, in fact, the healthy development of the long run detrimental LED industry.

Compared to the mainland market into a price war, separated the third and fourth place of the United States and Japan, the global market share, although only 19%, 9%, but the domestic market LED lighting earlier time, the recently then he began to move toward the development of the field of commercial lighting. In the official US policy continued subsidies, market demand for high quality LED lighting continues to rise, manufacturers are willing to obtain certification in order to achieve the policy benefits, and commercial market applications is the LED lamps facelift market-oriented, beyond the LED light bulb market needs.