2020 LED lighting global market share or over 60%

A report entitled "global field of general lighting bulb and lamp market forecast" report on the cut-off in 2020 before the global lighting market according to the region, application, technology, shape and number of tiles are analyzed, the following is a summary of the report part.

LED efficacy and quality continues to improve, in 2016, 200lm/W generally exceeded LED. By then, the light pipe, remote phosphor powder and liquid cooling technology continues to progress, indicating that people get a new way to create LED lights, the future will create a new competitive lighting products. Most importantly, LED lighting will not be limited to the general sense of the lighting market, penetrate into the current market led by other technologies and related lighting.

The rapid adoption of LED in some applications will have a profound impact on the global market in the medium term due to its long life span. In 2015, the global lighting market growth rate slowed down, in 2016 began to decline year by year, in 2020 the global lighting market or revenue was $24 billion, down to 2011 to 2012 revenue level, but the proportion of LED lighting will be increased to 66%.