2015 LED lighting market size of 157 billion 200 million

The size of the global lighting market in 2015 will reach 82 billion 100 million U.S. dollars (about 502 billion 58 million yuan), including in emerging markets gaining momentum driven, LED lighting market will reach $25 billion 700 million (about 157 billion 161 million yuan), the market penetration rate of 31%.

LEDinside Research Assistant Manager Wu Yingjie said that the observation of 2015 global LED lighting market size by region, Europe accounted for 23% of the size of the market, although did not see the massive subsidies, but the high price and the light of cultural differences, making LED in commercial lighting and outdoor lighting market demands.

Chinese market occupies 21% of the market share, the main China is lighting products manufacturing countries, coupled with the cost advantage and the complete supply chain, market competition is more intense than any other market, regardless of brand manufacturers, OEM, or emerging lighting manufacturers and packaging manufacturers, in addition to significantly enhance the LED lighting penetration rate, the development of sales channels it is the main development projects this year.

Outlook 2015, thanks to the steady growth of the lighting market demand, China's lighting market, both domestic demand and overseas exports will continue to improve. However, the price of the product has been affected by many suppliers, the price competition intensifies, if not sustainable development path, will eventually face the crisis of exiting the market.

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