2015- Market prospect analysis of building LED products in 2021

by:ALLTOP      2020-01-08
According to the report of Persistence Market Research, a foreign Market Research institution, the construction LED product Market will usher in steady growth. Local governments have enforced various rules and regulations and encouraged the deployment of LED lighting systems in construction areas, greatly stimulating the vigorous development of the construction LED product market. 2015 building LED products market scale reached 39. US $77. 5 billion, analysts expect the construction LED product market to jump to 107 by 2021. US $5. 1 billion, 2015- The compound annual growth rate during 2021 was 17. 90. The demand for traditional LED products is stable. From the perspective of types, solar LED products and traditional LED products are two important areas in the construction LED product market. At present traditional LED products leading building LED Market 2014 and 2015 traditional LED products of market valuation respectively for 32. 0. 9 billion US dollars and 37. $4. 6 billion. The growth in demand for LED lamps, LED strips and linear products will promote the development of the traditional LED product market. In the future, these LED products will become the leader in the construction LED product market. Wall washing, groove lighting, backlight and special lighting have become the main applications. Wall washing, groove lighting, backlight and special lighting are the main application fields of building LED products. 2014 wash wall areas of building LED products market valuation for 13. US $25. 7 billion, analysts expect the 2015 figure to be 15. 5. 7 billion US dollars, seize 38. 8 market share. The demand for lighting systems in large areas such as museums and modern buildings has increased dramatically to promote the development of LED market in buildings. 2015- The compound annual growth rate during 2021 was 18. 5. The commercial field has become a large end user, and the commercial and residential fields have become the main end users in the construction LED product market. 2014 business field accounted for building LED market total revenue of 76. 9. Analysts expect its share to rise to 77. In 2015. 3. Retail market, financial services and insurance, IT, telecommunications, health care, media and entertainment, museums and other commercial fields have become the main markets for construction LED products. The Asia-Pacific region maintains its market position. The main markets for construction LED products are: Asia-Pacific region, North America, Latin America, Europe, Middle East and Africa. 2015 Asia-Pacific regions 47. 1 market share, 2015- During 2021, the construction LED product market in the Asia-Pacific region will grow at a high compound annual growth rate, while other regions will maintain stable growth. The main manufacturers in the construction LED product market are: Samsung Electronics, Eaton, Weibao, Osram, Philips, Lumileds, Jingyuan Optoelectronics, Toshiba, Kerui and GE Lighting. (Text/Silvia translation)
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