The potential of LED special lighting market

The latest research firm '2016 global lighting market, "the report noted, including plant lighting, commercial lighting market four special medical surgical lighting, maritime and port lighting, including lighting and wisdom gradually by the market concerned. 2016 LED commercial lighting special global market size $ 4.36 billion by 2020 will have around $ 16.4 billion in 2016 to 2020 compound annual growth rate of 30%.

TrendForce's Green Energy Business Unit LEDinside estimates that by 2016 the global LED lighting market wisdom of $ 2.35 billion in 2020 amounted to 13.427 billion US dollars, is a special commercial lighting applications in the most promising markets. LEDinside research assistant manager Wu Ying Jie said that although the LED lighting has entered the era of cheap, but because of the wisdom of the lighting market is its infancy, the scale effect has not yet formed, related hardware and software product costs remain high in the future as technology and product evolution, companies actively promote, enhance public acceptance, the market will grow substantially.

Plant Global LED lighting market outlook is quite optimistic. LEDinside forecast 2016 global LED lighting market size plant about $ 575 million in 2020, will grow rapidly to $ 1.424 billion. Wu Ying Jie pointed out that global climate change, the delicate crop cultivation, aquaculture, food preservation, and other storage market demand, have led plant lighting market prospects look busy. US market benefited more legitimate medical marijuana cultivation, and some states do even open recreational marijuana, increasing demand.

Benefit from the LED luminous efficiency and color rendering rising, LEDinside forecast 2016 global LED lighting market of medical procedures $ 612 million, 2020 amounted to $ 787 million, the main demand from Europe, North America, Japan market. In addition, the ship lamps, lighting fixtures port due to higher regulatory requirements, price is also higher than the general lighting, so LED lighting Maritime and Port value becomes relatively stable, high-margin special lighting applications. LEDinside forecast 2016 global LED lighting market value of maritime and port to $ 820 million.