The next 4 years, China's home lighting applications will become a high growth market

The next 4 years, China will become a rapid growth in home appliance market, this year's revenue of $23 million, but in the next 5 years will increase to $310 million, the annual growth rate will reach 92%. This is mainly due to the decline in sales prices, the average price is expected in 2017 will drop to $3.13 from $6.02 in 2013.

The next 4 years, China's home lighting applications will become a high growth market

The latest report pointed out that China's rapid growth in the LED lighting market in 2017 from $3 billion 120 million in 2013 to $7 billion 400 million. The agency believes that with the continuous decline in prices, policies and energy-saving emission reduction targets, the Chinese semiconductor lighting market share will reach nearly 20%. Compound growth rate of nearly 24%.