In 2010, China accounted for 14% of the global lighting market. By 2015, this proportion is expected to increase to 20%. |
Improving efficiency standards, focusing on energy efficiency , LED breakthroughs in the field and other factors have an important impact on previously slow lighting market. It can be said, the global lighting market is currently undergoing tremendous changes.
IMS Research analyst Philip Smallwood said that the lighting market, LED luminous efficiency, reducing the overall price ,these two factors contributed to the growth of the global lighting market. Currently, LED lighting accounted for 10% of the global lighting market (in U.S. dollars, the same below), by 2015, the proportion is expected to increase to 46%.
The growth basically emerged in the developed world such as North America and Western regions, which constitute 50% of global lighting market. But China is an exception. In 2010, China accounted for 14% of the global lighting market. By 2015, this proportion is expected to increase to 20%. Sustained economic growth and construction boom, and the public constantly increasing purchasing power shortage, etc. These factors will greatly make impact on China area in lighting market.
For decades, the number of international lighting manufacturers have been occupying a dominant market position. The LED technology, it is a great opportunity for companies that is seeking to emerging leading market such as www.lead-lighting.com specialize in LED flood light and other LED lighting. It is apparently that competition is inevitable, the sooner vendors enter the market, the more hope to win huge profits.
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