LED lighting Asia rising

LED lighting fluorescent lamp market continued erosion, ITRI IEK energy research group leader Lin Zhixun yesterday (31) pointed out, estimated that by 2017 the global LED lighting market will reach 54 billion 500 million yuan, accounting for the overall lighting market penetration rate of 48%, and Asia has become the production and consumption of heavy heart, which will have the opportunity to replace the Western Europe to become the mainland the largest LED lighting application market in 2016.

Lin Zhixun pointed out that through the government policy support, the rapid decline in product prices, the global LED lighting market demand for rapid growth, estimated that in 2013 the global LED lighting market will grow to $27 billion 200 million, the annual growth rate of 35%, accounting for the overall lighting market penetration of less than 20%, as the market gradually grow, plus the governments continued to formulate energy-saving regulations that will drive the penetration rate in 2017 reached 48%, and the market size of up to $54 billion 500 million.

LED lighting price continued to decline, and has continued to erode the fluorescent lamp market trend has arrived, driven LED lighting shows high growth momentum, Lin Zhixun said that the agency will become a key element, channel profit following LED lighting product prices, and to estimate the growth momentum of the market will be replaced in the 2015~2016 years to reach saturation, and the demand will be gradually towards the functional development of lighting products, estimated the global LED lighting penetration rate will exceed 30% in 2015, and in 2017 reached 48% penetration.

From the development of the regional market, Lin Zhixun said, although the European market has high market penetration, however, since the traditional lighting times continued, also is the main manufacturing center of LED lighting, coupled with the mainland to development, LED lighting, so the estimated land in 2016 will be replaced in Western Europe and become the application market, LED lighting the biggest addition, high growth potential and emerging countries, Asia will be the main market for LED lighting production and consumption.