LED lighting market up $30 billion 500 million next year

Experienced a cold winter LED lighting market gradually pick up, LEDinside pointed out that in 2015 the size of the LED lighting market will reach 25 billion 700 million U.S. dollars, penetration of up to $31% in 2016 reached $30 billion 500 million, penetration increased to 36%. LEDinside Research Assistant Manager Wu Yingjie said that the alternative light bulb lamp, with product 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, architectural lighting the growth potential will still not be underestimated. Wu Yingjie said, 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 the global lighting market in 2016, will be in the United States and India between the two countries growth momentum is strongest, worthy of attention. Because in 2015 the United States in the global lighting market demand is relatively strong, including commercial lighting, lighting engineering / plant, marine lighting will become the main local lighting market growth momentum. In the United States Dachang 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 etc. the new field of application development. As for niche lighting, with application of plant lighting market is the most worthy of attention, because of medical marijuana marijuana use legal, and Colorado and Washington open entertainment, entrepreneurs and lighting manufacturers have spotted this wave of gold digging, ready to go. Lighting market in emerging markets such as India, Africa, Southeast Asia, and the policy and market is closely related to the standard case. In India, for example, the government of India is scheduled to tender up to 200 million bulbs by the end of 2016. In addition, the government of India on LED street in public bidding. 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.