LED lighting quickly penetrates the market and continues to expand

According to the latest market report of LEDinside, the green energy business unit of TrendForce, a global market research organization, the global LED lighting penetration rate is rapidly increasing. In 2014, the market value of this market is estimated to reach 17.8 billion US dollars, and the total number of LED lighting products shipped will reach 1.32 billion. , growing 68% from 2013.
LEDinside said that the global LED lighting product replacement tide is caused by the rapid decline in prices, among which the alternative light source products are the most obvious. Bulb lamps and lamps are the most popular alternative light source types, accounting for the 2013 LED lighting products. 38 and 25. In addition, the future demand for integrated LED lighting product types will gradually rise, especially in combination with smart lighting applications, so it is expected that the proportion of LED lighting products in 2014 will be expected to increase year by year.
Among the LED lighting markets in various regions, the North American market government is gradually increasing its support for LED lighting. The number of subsidies for lighting products, such as EnergyStar, has grown rapidly, prompting the price of LED lighting products to further decrease. Manufacturers such as Cree are optimistic about the development of the LED lighting market in 2014, and expect the sales growth of replacement lighting products to become the next business focus. According to LEDinside data, the growth rate of LED lighting products in North America is expected to reach 72 in 2014.
Also, in Latin American countries such as Brazil, etc? ? The LED lighting market is showing rapid growth. It is estimated that the LED lighting product usage growth rate will reach 64, especially the LED commercial market is the most significant growth. In the European region, which is a mature market, although there is no large-scale subsidy policy, its high electricity price and the difference in light culture make the demand for commercial lighting and outdoor building situation lighting applications continue to be in demand. In the next few years, the incandescent bulbs will be completely banned in the next few years. The impact of policy fermentation, the market is expected to continue to show steady growth, the growth rate of LED lighting products in 2014 is expected to reach 69.


In the Chinese market, not only emerging LED manufacturers are actively deploying the LED light source market, but traditional lighting manufacturers with brand and pipeline advantages are also actively adopting a two-pronged approach to expanding the LED lighting business through the Internet and physical stores. The Chinese government is also working hard to pass the subsidy policy. Play an active role to promote the development of the LED industry, while at the same time resolve the overcapacity caused by excessive upstream equipment subsidies and corporate failures. LEDinside estimates that China's LED lighting product usage growth rate will reach 86.

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