2015- Market prospect analysis of construction LED products in 2021

According to the report of Persistence Market Research, a foreign Market Research institution, the Market for building LED products will see steady growth. Local governments have enforced various rules and regulations and encouraged the deployment of LED lighting systems in construction areas, which has greatly stimulated the vigorous development of the construction LED product market. In 2015, the market size of construction LED products reached 39. 77. 5 billion US dollars, analysts expect the construction LED product market to jump to 107 by 2021. $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 dominate the construction LED market, and the market valuations of traditional LED products in 2014 and 2015 are 32. $0. 9 billion and 37. $4. 6 billion. The increasing demand for LED lamps, LED strips and linear products promotes the development of the traditional LED product market. In the future, these LED products will become the leading army 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 architectural LED products. In 2014, the market value of building LED products in the wall washing field was 13. 25. 7 billion US dollars, analysts expect this figure in 2015 to be 15. . $5. 7 billion, grab 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 of 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. 5% 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. In 2015, the Asia-Pacific region seized 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)