China's LED lighting market is expected to reach 73 billion yuan in 2013
Industry insiders believe that China's LED lighting industry has a huge potential market thanks to a series of industrial support policies.
According to statistics, from 2009 to 2013, the compound growth rate of market size reached 43.
58. It is estimated that China's LED lighting market is expected to reach 73 billion yuan by 2013.
Among them, the application of LED lighting in commercial lighting is gradually transferred from early functional lighting to main lighting application, because commercial lighting has high turnover rate and long-term use, the penetration rate of LED lighting has increased simultaneously with the market scale. In 2012, the penetration rate of LED lighting in the commercial lighting market has reached 15.
Housing is a large application market for lighting. LED lighting system quickly cuts into the residential lighting market with bulbs to replace traditional bulbs. However, due to the high sensitivity of consumers to prices, therefore, the penetration rate of LED lighting in the residential lighting market in 2012 is about 13, which needs to be improved.
Office lighting is based on energy saving. LED lighting is based on replacing traditional fluorescent tubes and cutting into the office lighting market. However, LED lamps must also face price competition of T5 fluorescent tubes, therefore, the penetration rate in 2012 is only about 11, and there is also much room for growth.