Estimated: China's LED lighting products will grow by 86% next year

Integrated LED lighting product type of future demand will gradually rise, especially in combination with the application of intelligent lighting products, and therefore is expected in 2014 the proportion of LED lighting products will be expected to increase year by year. In addition, in Latin American countries such as Brazil, LED lighting market is showing rapid growth, the estimated growth rate of LED lighting products reached 64%, especially in the LED commercial market growth is the most significant. Mature markets in Europe, although not seen large-scale subsidies.

Global market LED lighting penetration is rapidly improving, in 2014 LED lighting output value will reach $17 billion 800 million, the total number of shipments of LED lighting products up to 1 billion 320 million, compared with growth of 68% in 2013.

LEDinside said the global LED lighting products to replace the tide from the rapid decline in prices caused by the alternative light source products is most obvious, and the lamp bulb is the most popular in the market to replace the light source type, respectively in 2013 38% and 25% LED lighting products. In addition, the future demand for integrated LED lighting product types will gradually rise, especially in combination with the application of intelligent lighting products, it is expected that in 2014 the proportion of LED lighting products will be expected to increase year by year.

In addition, in Latin American countries such as Brazil, LED lighting market is showing rapid growth, the estimated growth rate of LED lighting products reached 64%, especially in the LED commercial market growth is the most significant. Belong to the mature markets of Europe, although did not see the massive subsidies, but its high price and the light of cultural differences, making commercial lighting and outdoor lighting applications for architectural situations there is demand, the next few years as the incandescent light bulb ban policy influence fermentation, estimated the market will continue to show a steady growth trend, 2014 LED lighting the product consumption growth rate is expected to reach 69%.

In the China market, not only the new LED manufacturers active layout LED lighting market, traditional lighting manufacturers have the brand and also actively take advantage of the pipeline network and store a two pronged approach to expand LED lighting business, Chinese government is working through subsidies, play a positive role to promote the development of LED industry, at the same time because the capacity to resolve excess and business failures over the upstream equipment subsidies lead. LEDinside estimates China next year LED lighting product usage growth rate will reach 86%.