The sales amount of LED lights in Asia Pacific will increase to $ 6.7 billion

latest market analysis report from ElectroniCast show that LED lighting range is divided according to the use of functional and decorative lighting, energy-saving, wear resistance, long life and other advantages. Electronicast market forecast the LED lights will be divided into eight categories and three major end-user categories: government, commercial and industrial, residential, it also provides detailed forecasts broken down by region, including China, Korea, Japan and other countries in the Asia-Pacific region.

ElectroniCast said the strong rise in the number of growth partially offset by a decline in the average price, but still increasing trend forecast also takes into account an annual inflation rate of 5%, LED general lighting applications include directional lighting, auxiliary lighting and architectural lighting.

It is worth notice that, for the Asia-Pacific region LED general lighting sales value of this latest forecast significantly exceed last year's forecast, in August 2013, Electronicast had predicted that 2017 LED general lighting market for $ 1.7 billion, but the company said, 2014 have exceeded this value.