With the maturity of LED lighting application and the rapid growth of overall demand in 2013, the development of LED street lamp has become a project worthy of attention for outdoor lighting now from the perspective of LED lighting terminal products. The market scale of LED street lamp depends on the budget of the governments, which is the biggest difference from general consumer goods. But as a new industry, LED has formed a complete international industry chain layout.
Development situation of LED industry in China and the whole world
LED lighting is the trend for next generation lighting. On one hand, the characteristics of long lifetime, high light effect and low energy consumption give LED lighting incomparable advantages over traditional illuminators. On the other hand, LED industry is conformed to the policies of energy-saving and creating green and low-Carbone life advocated in the world. The development of LED street light in mainland is speeding up dramatically, leading other areas in the world.
Much attention has been paid to global energy issue and market scale of LED lighting is growing continuously
In 2013, the energy issue drew great attention and the market of LED lighting is rapidly rising. According to the newest data, the annual market value of high power LED encapsulation device is $10.47 billion, a year-on-year increase of 41.4%.
Impacted by the policy driving of some major countries, the remarkable improvement of LED lighting efficiency, maturing of overall lighting design and 20-30% downslide potential of LED lighting estimated every year, LED lighting permeability is hoped to continuously increasing. Various kinds of LED lighting demand is sharply rising from the substitutional LED lighting source of low power for residential use to the whole set of LED lighting device for high power commercial and industrial use.
It is estimated that the market scale of international LED lighting will reach $21.7 billion by 2015 and is expected to drive the power supplies sales to achieve $4 billion in 2016, making up the total value of $10 billion.