2012-2016 Global LED lighting market reports

Column:Industry News Time:2018-05-30

Research and Market organizations recently released the “2012-2016 Global LED lighting market reports “. Analysts predict that in 2012-2016, the global LED lighting market will have a CAGR of 49%, a key factor in this market growth is the rising demand of energy-efficient lighting, while also witnessed the widely used energy-efficient LED lighting products in government and public sector. However, the LED limited heat resistance, also make big challenge in the growing market.

Now, the global LED lighting market is dominated by several major vendors, including Cooper Industries plc, Cree Inc, Dialight plc, Digital Lumens Inc, Emerson Electric Co, and Koninklijke Philips Electronics NV.

An analyst said: Globally, as an idea of control energy waste, LED lighting is accepted by more and more areas. Many governments have carried out street light reconstruction plans, use LED lights to replace existing halogen, incandescent and fluorescent lamps. And the sports stadiums spot lights have been replaced by LED lighting systems gradually. Therefore, the penetration in floodlight application is considered to be the market that global LED lights will have a lot of profit in the future.

According to the report, the key factors raise the worldwide market are mainly the growth demand in energy-efficient lighting, the concerns of non-renewable energy, as well as the minimizing energy consumption in rich illumination.

In addition, the report also detail introduces long life LED products, also mentioned that compact fluorescent lamps (CFL) will become the obstacles during LED lights replace incandescent lamps.

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