2017 LED lighting market reached $33 billion 100 million, LED lighting penetration reached 52%

According to the TrendForce's green energy division LEDinside latest "Outlook" 2017 global lighting market report, 2016 LED lighting market reached $29 billion 600 million in 2017, LED lighting market will reach $33 billion 100 million, LED lighting penetration rate reached 52%. Benefited from the regional lighting market development, in 2016 the proportion of European LED lighting was 23%, followed by North America and china. Looking to the future, the Asia Pacific lighting market growth rate is the fastest.

American Lighting Market

Strong dollar policy makes the United States to become the engine of global demand for LED lighting products, the global production of products have become relatively cheap. This trend is expected to continue to affect the U.S. market in 2016. At the same time, in order to maintain the development of the industry, the United States is promoting the local assembly of LED lighting lamps, will better meet the needs of the local market segments, expand market size.

Major manufacturers in the United States are actively developing LED lighting business, the proportion of LED lighting products continues to rise, LED commercial lighting / engineering lighting demand is strong in the U.S. market. Among them, Troffer, flat lights, tunnel lights, patio lamp market demand growth is the fastest, and gradually began to intelligent and optical communications and other new applications.

In addition, including plant lighting, medical lighting, lighting, shipping and port lighting and intelligent lighting, including the four major commercial lighting market gradually attracted market attention. Plant lighting market medical marijuana legal benefit, and use of marijuana in Colorado, Washington, open entertainment, saw the wave Tao Jin Chao entrepreneurs and lighting system manufacturers are eager for a fight.

Lighting market in Southeast Asia

LED lighting in Southeast Asia in recent years, strong growth, the intensity of the replacement of traditional lighting has gradually strengthened. Although 2015 is the overall impact of the economic environment, the growth rate slowed down, but it is expected that the next few years, along with the policy incentives and replacement demand, LED lighting penetration and Southeast Asian imports will continue to increase, Southeast Asia is becoming the main destination Chinese manufacturers export LED lighting products.

Australian lighting market

Australia has about 700-800 million families, with an average of 75 homes each lamp holder, as early as the beginning of the elimination of incandescent lamps, the current products are mainly MR16 halogen lamps and traditional ceiling lamps. In the pursuit of energy-saving lighting requirements, LED lighting will have more opportunities. In recent years, the Australian lighting market more and more filament lamp products used in commercial lighting space, but also to stimulate the filament lamp lighting OEM orders in the Chinese market.

India lighting market

The development of LED industry in India by the India government support, the government promulgated a series of policies to support the development of the whole industry from various aspects, of which the core is the India state street plan (SLNP) and India efficient lighting plan (DELP). In addition, in order to make multiple investment into India, the India government to implement LED components imported zero tariff (basic tax), prompting LED products into the assembly of semi-finished products in India, the development of the local market in India.

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