LED lighting market will grow by 21% in 2011

According to market research firm Strategy Analytics analysis, solid LED lighting market will grow by 21% in 2011. But LED's growth will be slower than expected.

According to a report entitled "2006-2011 solid lighting market" report, the main growth will not be residential lighting, but environmental lighting, including building lighting, work lighting, medical lighting and off grid lighting.

Strategy Analytics forecasts the global average growth rate of the lighting market, as of 2011 was 4%, of which the solid lighting market growth rate in 2011 reached 3%.

The investigators did not expect a significant increase in residential lighting and general consumer markets before 2014 or 2015.

Concerned about the environment is prompting consumers to seek environmentally friendly lighting products. But only when the price is right, consumers will buy, "said Strategy Analytics, vice president of strategic technologies Stephen Entwistle.

"When the solid lighting market is expected to be optimistic, we must take into account the energy-saving lamps are gradually accepted by consumers. He added.

Source: EDNCHINA