Benefit industry to support the LED lighting market is expected to reach 73 billion

Benefit from a series of industry support policies, there are people in the industry optimistic about China's LED lighting market. According to statistics, from 2009 to 2013, the market size of the compound growth rate of 43.58%, is expected by the year of 2013, China's LED lighting market is expected to reach $73 billion.

LED lighting market in China

LED lighting applications in commercial lighting, lighting function from the early, gradually dominated commercial lighting lighting applications, because of high turnover rate, long time use, the LED lighting penetration rate and the size of the market grows, 2012 LED lighting in the commercial lighting market penetration has reached 15%, its commercial lighting in the development will increase.

Benefit industry to support the LED lighting market is expected to reach 73 billion

Residential lighting is the world's largest application market, home lighting is essential for consumers. The LED lighting system to quickly enter the market, residential lighting lighting to replace the traditional light bulb, but because the consumer sensitivity to price is high, so in 2012 the penetration rate of LED lighting in the residential lighting market is about 13%, still needs to be improved.

Office lighting for energy saving demands, LED lighting is cut in office lighting market to replace the traditional fluorescent lamp for the demands, but because LED lamp must face T5 fluorescent lamp price competition, so in 2012 the penetration rate of only about 11%, there is also great room for growth.

Overall, although the LED lighting has been part of the market, but for energy-saving lighting is not enough. But as the LED lighting is beginning to be recognized, and the semiconductor lighting industry planning and policy support, LED lighting market will continue to expand the scale, LED lighting industry will also have a better development, and promote LED lighting industry strive for further improvement.