Display Search reports that, thanks to the manufacturers' capacity expansion, LED prices drop, demand of LED lighting is rapidly growing due to enhanced environmental considerations as well as government subsidies. LED lighting demand in 2013 will increase to $ 3 million, doubled compared with 16 million in 2012, and in 2016 tripled.Spotlights, LED lamps, street lamps, LED bulbs and fluorescent tubes LED lighting products will reach 90 million in demand in 2016, penetration rate from 2012, only 5% to 26%. The continued growth of the commercial office lighting, the implementation of government subsidies, as well as consumer demand for energy-saving products is the main reason for the increase of the LED penetration. "Government subsidies and consumers on the the the the needs of of the high-tech High Efficiency Lamps source to procure LED to become a the a leading role in of the industry in the lighting." NPDDisplaySearch analyst She Qingwei said, "With the the more and more consumers to select more efficient LED lamp to replace the the traditional of the light bulbs, LED demand growth in the next three years will be even more significant. " In addition, since 2011, Japan has been the largest LED lighting market, NPDDisplaySearch forecasts Japan's leading position will be maintained until 2016, the main driving force for the LED bulbs,spotlights, fluorescent lamps and LED lamps. From 2012 to 2016, LED lighting efforts to the growth in the Chinese market will be higher than other regions, government subsidies, such as the 12th Five-Year Plan has been driven by demand for LED lights. North America and Europe the demand for LED lighting applications will increase, especially for the demand of the LED fluorescent tube. |
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LED Will Account For 1/4 Of Global Lighting Market In 2016