World Lighting market will reach 110 billion euros in 2020

by:ALLTOP      2020-03-27
[Introduction] Based on the survey of lighting professionals and consumers and other input factors, the sex management consulting company recently announced its estimation of the lighting market model until 2020 based on the survey of lighting professionals and consumers and other input factors, the sex management consulting company of recently announced its estimation of the lighting market scale until 2020, including differential analysis of application, geographical factors and light source technology. The lighting market has attracted much attention recently due to its emission reduction effect and new factors such as LED and OLED, however, there is a lack of comprehensive reports covering all key departments and applications, geographical factors, light source technologies and different stages of the value chain from a full perspective. In order to make up for this gap, McKinsey & Company was commissioned by Osram to draft an independent report on the lighting market and its possible future evolution. According to jiuzheng building materials network, in order to give a comprehensive overview of the developing lighting market, including the estimation of the future LED market share, McKinsey conducted a survey of lighting experts and consumers within the scope, including seven different countries ( United States, Germany, Japan, China, Russia, Brazil and India). The report shows that the lighting market is expected to reach 110 billion euros in 2020, equivalent to the TV market. Population growth and urbanization are the main factors to improve the overall demand for lighting products. Urban and climate change issues are also promoting more energy-efficient lighting products, the regulation of energy efficiency by governments around the world has accelerated the development of the lighting industry. Today, the fourth lighting technology revolution in human history, LED technology is transforming the industry. Although LED technology has not yet achieved a more price advantage, a large amount of investment from various companies can be expected to reduce manufacturing costs at a rate of 30% per year, LED is becoming a widely affordable technology. Report show that estimation LED lighting market of income will to every year 30 of speed growth to 2020 LED lighting market of income will be close to 65 billion Europe yuan in lighting market in almost 60 of share. The three departments of lighting application are general lighting, automobile lighting and backlight application, among which the general lighting application is large, accounting for about of the total lighting market, it is also a deep analysis in the report.
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