LED lighting 2016 most potential market analysis

With the decline in hardware prices, LED applications in the lighting market. Most of the lighting industry believes that, in addition to household products, smart lighting and related systems and equipment, is becoming the future growth of the product category. In addition, the industry expects the lighting market in 2016 will remain stable, while China, Western Europe, ASEAN and North America is the largest market growth potential.

2016 Market Outlook: maintain stability

Overall, the global lighting market is expected to remain stable next year. Mainland China is still the most promising market for the next two years, followed by Western Europe, ASEAN, North America, Taiwan, other Asian countries and Australia / Pacific islands.

System products become hot

Products, LED and related environmental lighting is the most growth potential of the product category in 2016, followed by other household lighting products (20%).

The above situation, it is estimated that in part because of the decline in the price of LED, the growing popularity of lighting products, and low power consumption and longer life characteristics, but also help to expand the scope of application of LED lighting. In the next 12 months, the price of LED lamp can be further reduced by up to 20%. Indoor home lighting, intelligent lighting systems, outdoor lighting and indoor office / commercial lighting is the next 1 to 3 years of the most growth potential of LED applications.

Intelligent lighting into the new darling of the industry

Another major development in the industry, with the rise of the Internet of things (Internet-of-Things, referred to as IoT), the future of the city will be more intelligent. The Internet of things technology through an intelligent platform to connect different devices Home Furnishing inside and outside, including lighting, appliances and other installed mobile electronic products, the user benefits, such as life is more convenient and more intelligent and energy saving.