Prospects for LED Lighting Market

Recently, the International Monetary Fund (IMF) Lowered the prospects for economic growth, the '2014- 2018, china led lighting industry market prospective and investment strategy planning analysis report 'is expected to this year economic will growth 3. 6, will be higher than last year's growth rate of 3. The market recovery in the United States, Germany and the United Kingdom has improved. It is expected that the US economy will grow by 2. 8, and maintain the growth of the Chinese economy this year 7. The expectation of 5 remains unchanged. The above areas are the important markets for the development of LED lighting. Economic recovery or weakness also affects the changes in the size of the LED lighting market. At present, the main markets of LED lighting industry are in North America, Europe and Asia, while Asia is dominated by China and Japan. According to prospective data, the penetration rate of LED lighting is expected to reach 32. In the second half of 2014 from 22 in 2012 to 26 in 2013. 7. At present, the foreign LED lighting industry is moving towards popularization in an all-round way. Compared with foreign countries, the mainland LED lighting market is no less popular, LED lighting market demand for LED lighting has grown rapidly driven by factors such as falling product prices, favorable policies, and deepening awareness of energy conservation. The performance of LED lamp begins to occupy an advantage in the lighting market. The following is the performance table of LED lamp and the corresponding wattage comparison chart between energy-saving lamp and incandescent lamp. The LED lighting market is an important opportunity that any country should seize, because it is a revolution of light and represents a better life. The introduction of LED bulbs below US $10 has basically reached the Sweet point accepted by people. Therefore, it is expected that the penetration rate of LED lighting will continue to rise.