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LED lighting market size will reach $30.5 billion in 2016

by Helen Lumia | post a comment

LED lighting market is gradually improved, TrendForce's green can cause in LEDinside "2016 global LED lighting market trends" latest research report pointed out that the LED lighting market scale will come to $2015 in 25.7 billion, the penetration rate of 31%; Permeability in 2016 was $30.5 billion, up to 36%.

LEDinside research assistant manager Wu Yingjie said, alternative light source products (including lighting, ball steep lighting) prices, poor profit, so lighting manufacturers will begin to the center of gravity to a professional lighting area, more hope governments can promote domestic demand policy, stimulate the public construction spending and new development, the engineering lighting, commercial lighting, building lighting will still to be reckoned with high growth potential.

Highly developed countries such as Europe, America, Japan, and continued to the development of professional lighting, hope through the product diversification and differentiation in the market place. Emerging countries are due to the national policy, giant project and economic development, market opportunities. Wu Yingjie pointed out that in 2016 the global lighting market, will be in the United States and India's most robust growth momentum, the two countries is remarkable.

2015 U.S. lighting in the global market demand is relatively strong, the business/project, plant lighting, shipping will be the main growth momentum into local lighting market. All companies in the United States actively developing LED lighting, LED lighting products under the condition of rising proportion, LED commercial lighting demand continued strong development/engineering, with Troffer, flat lighting, tunnel lamp, courtyard light market demand growing most rapidly, and gradually to the wisdom and the development of new applications such as optical communication field. Niche lighting applications to plant lighting market the most worthy of attention, because of medical marijuana legally, Colorado and Washington open entertainment use marijuana, entrepreneurs and lighting system manufacturers are seeing the gold rush, gaining momentum.

Emerging markets such as India, Africa, southeast Asia lighting market development, is closely related to policy and market standard case. In India, for example, the government of India, scheduled for the end of 2016 the bidding up to 200 million light bulbs; In addition, the government also carried out on the LED street lamp open tenders. Due to the winning bid conditions must meet certain sales, production scale, and manufacturing capacity, therefore encourage lighting manufacturer actively set up joint venture with local lighting factory, predictable India LED lighting market will continue to heat burn in 2016.


LED lighting market size will reach $30.5 billion in 2016

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