LED lighting sales of 10 years to reach 216 billion dollars

According to Navigant Research, according to the latest data from 2015 to 2024 global LED lighting system be worth 216 billion dollars.Navigant Research this week published an article entitled "report of the LED lighting: the global outlook, depth analysis of the global LED market and predicts that by 2024 the unit sales and revenue.

More specifically, due to the LED prices steadily declining, Navigant Research during 2015 to 2024, according to the global LED lights and module be worth 216 billion dollars.Therefore, both the ordinary household lighting and street lighting, LED lighting has become the most economical choice.

Navigant Research, a senior Research analyst Jesse Foote says: "for commercial building, in the product renovation project, the most striking is the old bulb replaced by efficient LED bulbs, in order to improve the efficiency. This change happened so quickly that by 2024 leds are expected to be out of the market such as inefficient incandescent and halogen lamps."

Navigant Research predicts that by 2024 LED lights and the module unit shipments will grow at a CAGR of 19%.

In addition, the report authors claim that "As prices fall, efficiency and lighting technology, LED home lighting will erupt next few years."

These figures tend to influence the decision of governments around the world to ban the production of inefficient light bulbs, turn toward LED lighting systems. Look at India, it tries the next two years will all lights replaced with LED lights. As can be seen, LED lighting for those countries that want to save electricity, it has become so widespread and important.