Analysis of LED Industry Development

LED Lighting Market Continues to Grow
In 2011, energy issues were paid attention to continuously, the LED lighting market is rising rapidly. The size of high brightness LED market grows from $ 8.25 billion in 2010 to $ 12.6 billion in 2011, and the annual growth rate is up to 53%. The policies of the major countries of the world promote significant improvement of LED luminous efficiency and the overall design of the lighting tend to mature. From the replace LED light source in low power residential to full high-power set of led recessed ceiling lights equipment in commercial and industrial use, all kinds of LED lighting applications demand is rising sharply. It is expected that the global LED lighting market is expected to reach $ 21.7 billion in 2015 and is expected to drive the power supply sales to reach 40 million units of the scale in 2016, and the total output value will reach 10 billion U.S. dollars.

Asian LED Industry Ranks the First in the World
In 2010, Asia has become a major production base of LED, the overall market share in Japan, South Korea and China has reached 81.3%. Among Asian countries, South Korea's growth rate is the fastest. Japan takes the leadership in the global LED industry with its strong quality and technical development capabilities, its market share reached more than 50% from 2000 to 2005. As far as China is concerned, only grasp the overall development of the LED industry in Asia can we grasp the global development context of wholesale LED lights industry.

Special Light Culture in Europe Improves LED Lighting Industry
The overall Europe lighting market is relatively mature, but high tariffs and special light culture make mood lighting, commercial lighting and outdoor architectural LED application demand continue to increase. The high tariff policy in Europe as well as special light culture is an important factor in the rapid development of LED industry. High tariff is good the popularity of LED lighting, take the 7 watt LED bulb which can replace a traditional 40-watt incandescent bulb as an example, if it works eight hours a day, a LED bulb can save $ 2 than traditional incandescent, the outdoor lighting or commercial lighting with higher power consumption will be able to save more costs. Light culture in Europe focus on creating a light environment, rather than simply to emphasize the kind of lighting or brightness level. Lyon, France, for example, the government will put some budget into light construction every year, and organizes the Festival of Lights, establishes an international city lighting joint household, combine both lighting and urban culture with both the tourism and economic benefits.

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