2016 LED lighting market size will reach $30 billion 500 million

LED lighting market gradually, TrendForce's green energy division of LEDinside's new "2016" trends in the global LED lighting market research report pointed out that in 2015, LED lighting market will come to $25 billion 700 million, a penetration rate of 31%; in 2016 it reached $30 billion 500 million, the permeability increased to 36%.

LEDinside Research Assistant Manager Wu Yingjie said that the alternative light products (including lamp bulb) prices fell sharply, profit is poor, so the lighting manufacturers will begin to put their emphasis on professional lighting, expect governments to launch domestic demand, stimulate the development of public expenditure and the new case, when engineering lighting, commercial lighting, building lighting growth potential will still not be underestimated.

Highly developed countries such as Europe, America, Japan, continued to develop professional lighting, hoped that through product diversification and differentiation, occupy a space for one person in the market; emerging countries as a result of national policies, the giant project and the development of the economy, the market Unlimited Business Opportunities. Wu Yingjie pointed out that in 2016 the global lighting market, the United States and India, the two countries will be the strongest growth momentum, worthy of attention.

2015 U.S. lighting market demand is relatively strong in the world, including commercial / engineering lighting, plant lighting, marine lighting will become the main growth momentum of the local lighting market. In the United States the major positive development of LED lighting business, LED lighting products accounted for the rise of the situation, LED business / engineering lighting needs strong and sustainable development, Troffer, flat lamp, tunnel lamp, courtyard lamp market demand growth is most rapid, and gradually to the intelligent and optical communication applications development. The application of plant niche lighting, lighting market is the most worthy of attention, because of medical marijuana legal, Colorado and Washington open recreational marijuana, entrepreneurs and lighting manufacturers have spotted this wave of gold rush, ready to go.

Emerging markets such as India, Africa, Southeast Asia, the development of the lighting market, and policy and the market is closely related to the project. In India, for example, the government of India is scheduled to tender by the end of 2016 up to 200 million light bulbs; in addition, the government of India also open tender LED street. The bidder shall comply with the conditions of a certain scale of production capacity, revenue, and manufacturing capability, so to encourage manufacturers actively with local lighting lighting factory to set up a joint venture can be expected to India LED lighting market in 2016 will continue to burn.

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