2014 LED lighting output will reach $17 billion 800 million, compared with growth of 68% this year

According to global market research firm TrendForce's green energy division LEDinside member of Leucaena market report pointed out that the global LED lighting market penetration is improved rapidly, 2014 LED lighting output value will reach $17 billion 800 million, the overall number of LED lighting products shipped only 1 billion 320 million, compared with 2013 growth of 68%.

LEDinside said the global LED lighting products to replace the tide from the rapid decline in prices caused by the alternative light source products is most obvious, and the lamp bulb is the most popular in the market to replace the light source type, respectively in 2013 38% and 25% LED lighting products. In addition, the future demand for integrated LED lighting product types will gradually rise, especially in combination with the application of intelligent lighting products, it is expected that in 2014 the proportion of LED lighting products will be expected to increase year by year.

Source: LEDinside regional LED lighting market, the North American market for LED lighting government support is gradually increasing, the American Energy Star (Energy Star) and other plans for the number of lighting products subsidies increased rapidly, to promote LED lighting products to further reduce the price. CREE and other manufacturers are optimistic about the 2014 LED lighting market development, and is expected to replace the sales growth of lighting products will become the focus of the next business. LEDinside data show that in 2014 the growth rate of LED lighting products in North America is expected to reach 72%.

In addition, in Latin American countries such as Brazil, LED lighting market is showing rapid growth, consumption growth rate estimation of LED lighting products reached 64%, especially in the commercial LED market growth is most significant. Belong to the mature markets of Europe, although did not see the massive subsidies, but its high price and the light of cultural differences, making commercial lighting and outdoor lighting applications for architectural situations there is demand, the next few years as the incandescent light bulb ban policy influence fermentation, estimated the market will continue to show a steady growth trend, 2014 LED lighting the product consumption growth rate is expected to reach 69%.

In China market, not only the new LED light source manufacturers active layout LED market, traditional lighting manufacturers have the brand and also actively take advantage of the pipeline network and store a two pronged approach to expand LED lighting business, Chinese government is working through subsidies, to play a positive role to promote LED industrial development, at the same time to resolve because of overcapacity and business failures over the upstream equipment subsidies lead. LEDinside estimates China next year LED lighting product usage growth rate will reach 86%.