Global LED lighting market will reach $ 42.5 million in 2020
Zion Research recently released a report on the global LED lighting market, the forecast of 2020 global LED lighting market will reach $ 42.5 billion in 2015 - compound annual growth rate (CAGR) 2020 period was 13%. It is reported that in 2014 the global LED lighting market size of only $ 20 billion.
"2014--2020 homes, buildings and outdoor applications LED lighting market global industry observers, comprehensive analysis and forecast" report, residential, architectural and outdoor lighting LED lighting market is the main application market.
2014 residential lighting applications dominate the global LED lighting market, accounting for 40% market share. Architectural lighting applications become the world's second largest LED lighting market in the field, based on its price and efficiency of white light, architectural LED lighting applications market is expected to usher in rapid growth.
In 2014, the European LED lighting market occupy global LED lighting market share of more than 30%. Germany, France and Britain and other countries expected strong demand for LED lights will promote growth in the area of ??LED lighting.
As the Government initiatives and rapid urbanization, the Asia-Pacific region is expected to become a major growth market for LED lighting. China, Japan, South Korea and India will become the region's main LED lighting market growth.