North American market becoming a new growth point for LED lighting

In January, the US government announced to fully ban the white lighting, the North American market has become a new hot growth point, LED lighting towards popularization process is moving forward at an unprecedented rate. North America will occupy 23.1% global LED market and become the land where all the LED lighting companies compete at.

North American market will show rapid growth trend, and is expected to keep the compound annual growth rate of 20%. In 2020, the trading in LED lighting market is expected to reach $ 27.3 billion. From 2013 to 2015, The evident growth is int the field of outdoor lighting, commercial lighting and industrial lighting. Special lighting will also have a large-scale growth in the next five years.

"There are around 3.7 billion lamps in the existing incandescent lamp market,they are widely used in home lighting, commercial lighting and outdoor lighting, and are expected to be replaced in three years." Xie Zhaohui, from Santai lighting, said.

I understand that, at present, many enterprises in Guangdong, China , has already adjust their export strategy, focusing on North America. Benefit from the project of banning while lighting in foreign countries, together with the scheme of low-carbon economy and green urban planning, the trend of replacement for lighting products is coming in advance, so energy saving products will become the first choice of green building, LED lighting market has also achieved a outbreak growth this year.