The continued growth in Asian markets LED lighting

The report shows that in 2025 Asian urbanization will grow 44 percent in 2010 to 53 per cent, compared to the global urbanization on-year growth of only 6%. As the Asian middle class continues to expand, consumer demand transportation and communication technology will continue to grow, and consumers on energy efficiency and sustainability requirements will be higher. Obviously, the big trend in the Asian market are driving innovation and change in the residential lighting technology, medical diagnostics and therapy, outdoor use and transportation in four key areas.

In the medical field, medical imaging, mobile monitoring devices and biosensors will bring prosperity and development of the optical diagnostics; in the construction sector, green building and smart home will create a new architectural concept, with the digital environment-detection lighting system, remote and automatic control; outdoor lighting, street and outdoor lighting will make maximum use of daylight, energy-efficient and reduce urban pollution; in the transport sector, the development of intelligent transportation will lead to traffic lights to adopt sustainable lighting solutions and energy-efficient vehicles will also be the use of more environmentally friendly lighting.

Currently, the global lighting market size of about $ 66 billion in 2020 is expected to grow to $ 100 billion, then, LED lighting will account for more than 70% of the global lighting market share. The Asian market demand for LED lighting is particularly strong, mainly due to urbanization and prosperity under the construction market, as well as government support for energy-efficient lighting. Asia is not only a major consumer market of LED lighting, LED lighting is a major manufacturing market, a large number of LED lighting factories in mainland China, Taiwan, Korea and Japan the rapid rise.

Another major market power LED development from reconstruction needs. In 2011 after the Japanese earthquake and tsunami, the huge demand for reconstruction in Japan for the LED market penetration increased to 50%, and is expected to further increase to 90%.