Analysis of Growth of LED Lighting Market

2011-08-10 11:20:44.0 By: GlobalMarket Team

Tag:
LED Chip ,
Incandescent Light Bulbs ,
China Products

Analysis of Growth of LED Lighting Market

In 2010, the size of lighting market has reached around 13.02 billion dollars within the globe. With the downsize of traditional lighting market, LED lighting is becoming increasingly integrated to traditional lighting. It is forecast that the penetration rate of the world’s LED lighting will reach 19.9%. A substantial growth is to come in the next few years, and the valve of the world’s LED lighting is expected to jump to 31.62 billion dollars.

Judging from the development of LED lighting market, ever since the launch of the LED lighting project in 2003, the innovation and expansion of the semiconductor have become the key factors of the rapid growth of China’s LED lighting. In particular, China has put efforts into conserving energy and reducing emissions and set up a series of favorable policy, which contributes a lot to the skyrocketing growth of LED lighting industry. In 2010, the output of LED Chip has reached 5 billion dollars, with package output at 25 billion dollars and application output at 90 billion dollars.

Meanwhile, judging from the replacement of Incandescent Light Bulbs,  in 2009, the output of incandescent bulbs is 2.73 billion, down by 18.3% compared to that in 2008. Currently, the output of incandescent bulbs is around 3 billion, and in 2013, the figure will be downsized to 1.42 billion. In 2020, the production and use of such products will be banned for good. Thus, LED lighting is expecting a broad market space in the next ten years or so. China’s LED lighting is rising at high speed and becoming an growth force of the lighting industry.

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