According to a new report released by PikeResearch, sales of LED lighting systems will grow rapidly in the next 10 years, especially after 2015. Shipments of LED lights and fixtures will increase from 66 million in 2011 to 542 million in 2021, an increase of more than 700.
For many customers in the Asia Pacific region, energy-efficient products are a cost-effective lighting option, but high cost brings higher energy efficiency and performance than traditional lighting products. Therefore, in developed countries such as Japan and South Korea, customers are increasingly demanding LED products. In addition, regional and national governments have introduced a series of programs to promote the development of LED lighting, which will become the main driving force for the advancement of the LED lighting market in the next decade. According to a new report released by PikeResearch, sales of LED lighting systems will grow rapidly in the next 10 years, especially after 2015. Shipments of LED lights and fixtures will increase from 66 million in 2011 to 542 million in 2021, an increase of more than 700.
PikeResearch also found that sales of almost all other types of lighting products will decline during the same period, including incandescent lamps, T8/T5 and compact fluorescent lamps.
Senior analyst Andy Bae said: The lack of high cost and consumer awareness is still the main factor affecting the development of the LED market in the Asia Pacific region. Recently, however, the news media reported on the news of price declines. Lighting manufacturers in the Asia-Pacific region have also continuously expanded their product lineups to meet market demand.
Some countries in the Asia Pacific region have been pioneers in the energy-efficient lighting system market. Japan revealed more than 10 years ago that it will lead the development of the LED lighting industry through the 21st century lighting program, and soon introduced some LED subsidies and support programs. Taiwan has also established a next-generation light source technology development and supply strategy, and advocates to strengthen the application of LED lighting and materials production, and reduce investment in traditional semiconductor business.
At the same time, China is also vigorously developing the LED lighting market. For example, in the next decade, Shenzhen plans to install LEDs in public lighting applications, street lighting and commercial locations above 90.
PikeResearch's Asia Pacific Energy Efficient Lighting Report describes the key technologies and market trends that drive the use of LEDs and other energy efficient lighting products in the commercial, industrial and outdoor sectors of the Asia Pacific region. The report analyzes policies related to LEDs and energy-efficient lighting, market trends in major countries, technology trends, and competitive landscapes.
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