LED lighting market will reach US $25. 7 billion in 2016

In 2015, the lighting market will reach 82. 1 billion US dollars, of which LED lighting market will reach 25. 7 billion US dollars driven by emerging markets gaining momentum, with a market penetration rate of 31. Wu Yingjie, deputy research manager of LEDinside, said that by observing the scale of the LED lighting market in regions, Europe has a market size of 23, although no large-scale subsidy policy has been seen. however, its high electricity price and the difference of light culture make the market demand of LED in commercial lighting and outdoor building lighting increase. The Chinese market partially occupies of the market share. China is mainly a country that manufactures lighting products. With the cost advantage and complete supply chain, the market competition is more intense than other markets. regardless of brand manufacturers, OEM manufacturers, or emerging lighting manufacturers and packaging manufacturers, in addition to significantly improving the penetration ratio of LED lighting, the development of sales channels is the main development project this year. Looking forward to 2015, thanks to the steady growth of lighting market demand, China's lighting market will continue to increase both domestic demand and overseas exports. However, the price of the product is affected by many suppliers, and the price competition is intensifying. If it is not for continuous development, it will eventually face the crisis of exiting the market.