Forecast the development trend of global lighting market in 2020

In the global lighting market to the development of a comprehensive overview, including estimates of future LED market share, the McKinsey worldwide lighting experts and consumers were investigated, including seven different countries (the United States, Germany, Japan, Russia, Brazil and India, Chinese). The report shows that the global lighting market is expected to reach 110 billion euros in 2020 - equivalent to the global TV market. Global population growth and urbanization is to improve the overall lighting products.

The investigation of lighting professionals and consumers based on inputs and other global survey based on the global management consulting firm leader recently released its estimate of the global lighting market size until the 2020 lighting market model, including analysis of the application, the geographical factors and the different light source technology.

The lighting market because of its emission reduction effect and new factors such as adding LED, OLED recently concern, but lack in the global scope, full view contains a comprehensive report across all key sectors and applications, geographical factors, light source technology and value chain in different stages.

In the global lighting market to the development of a comprehensive overview, including estimates of future LED market share, the McKinsey worldwide lighting experts and consumers were investigated, including seven different countries (the United States, Germany, Japan, Russia, Brazil and India, Chinese). The report shows that the global lighting market is expected to reach 110 billion euros in 2020 - equivalent to the global TV market.

The global population growth and the city is the main factor to improve the overall demand of lighting products, the city and the issue of climate change is also promoting more energy-efficient lighting products, governments around the world to control the energy efficiency to accelerate the development of the lighting industry.

Today, the fourth revolution in lighting technology in human history - the advent of LED technology is transforming the industry. Although LED technology has not yet achieved more price advantage, but from a large number of investment companies can be expected at an annual rate of 30% reduction of manufacturing costs, LED is becoming a popular widely affordable technology.

The report shows that the global LED lighting market revenue is expected to grow at an annual rate of 30%, by 2020, LED lighting market revenue will be close to 65 billion euros - in the global lighting market accounted for nearly 60% of the share.

The three most widely used lighting sectors are ordinary lighting, automotive lighting and backlighting applications, of which the largest common lighting applications, accounting for about 75% of the total lighting market, is also the most in-depth analysis of the report. In the national and local governments to support the industry continues to increase.

By the favorable policies and the future growth potential of the great temptation, coupled with the LED lighting industry access threshold is low, many small enterprises, small workshops can easily enter, so there have been various funds have to get together and LED lighting boom. In addition, the impact of inflation, labor costs, logistics costs are also deeply troubled by the development of enterprises, production costs increased by two to $30%.

Although the LED cost increased significantly, but due to the downturn in the economic environment, industry competition, the vast majority of enterprises are not the price, in order to maintain normal operating factories, can only bear the fact gradually thin profit.