2016-2020 LED special commercial lighting market size compound growth rate of up to 30%

According to the TrendForce's green energy division of LEDinside's new "2016 global lighting market report pointed out that the plant contains lighting, medical lighting, maritime and port lighting and smart lighting, four special commercial lighting market gradually by the market concerned, 2016 LED global special commercial lighting market size of $4 billion 360 million, to 2020 will at $16 billion 400 million, from 2016 to 2020 the compound growth rate reached 30%.

LEDinside forecast 2016 global LED smart lighting market size of $2 billion 350 million, $13 billion 427 million in 2020, is the most potential market for commercial lighting applications. LEDinside Research Assistant Manager Wu Yingjie said that although the LED lighting has entered the low times, but due to the wisdom of the lighting market budding, the scale effect has not been formed, the relevant software and hardware product cost is still high, with the future of technology and product evolution, actively promote and enhance public acceptance of manufacturers, the market will grow sharply.

Global LED plant lighting market outlook is also quite optimistic. LEDinside forecast 2016 global LED plant lighting market size of about $575 million, in 2020 will grow rapidly to $1 billion 424 million. Wu Yingjie pointed out that in the global climate change, fine crop cultivation, aquaculture, food preservation and other market demand, are driving the market prospects of plant lighting wang. The United States is more favorable to the cultivation of medical marijuana legal, some provinces and even open entertainment marijuana, increasing demand.

Thanks to the LED luminous efficiency and color rendering of continuous improvement, LEDinside forecast 2016 global LED medical lighting market reached $612 million, to $787 million in 2020, the main demand from Europe, North America, Japan market. In addition, the ship lighting, port lighting because of the high requirements of the law, the unit price is also higher than the general lighting, making LED shipping and port lighting has become relatively stable output value, high gross profit of special lighting applications. LEDinside forecast 2016 global LED shipping and port lighting market output value of $820 million.

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