2014 LED Lighting Output Value Will Reach $ 17.8 Billion Compared with 2013 Growth of 68%

According to global market research firm TrendForce 's Green Energy Division Silver Member LEDinside latest market report that the global LED lighting market penetration rates are increasing rapidly , in 2014 LED lighting output value will reach $ 17.8 billion , the overall number of LED lighting products shipped 1.32 billion , compared with 2013 growth of 68%.

The agency said the global LED lighting products to replace the influx from the rapid decrease in the price , with the most obvious alternative source products , bulb and lamp are most welcomed by the market to replace the light source type , accounting for 2013 LED lighting products 38 % and 25 %. In addition , integrated LED lighting product types future demand will gradually rise , especially in conjunction with intelligent lighting applications products, it is expected that in 2014 the proportion of LED lighting products will be expected to increase year by year .

Among the regional markets LED lighting , LED lighting for the North American market, efforts to support the government is gradually increasing, the U.S. Energy Star (Energy Star) plans to subsidize the rapid growth of the number of lighting products , LED lighting products to promote further price decreases. CREE and other manufacturers are optimistic about 2014 LED lighting market development , and sales growth is expected to replace the lighting products will become the next focus . LEDinside data show that in 2014 the amount of LED lighting products in North America, the growth rate is expected to reach 72%.

In addition, Latin American countries such as Brazil , LED lighting market is showing rapid growth in the amount of LED lighting products is estimated to reach 64 percent growth rate , especially in the commercial market LED grow the most significant. Belong to the mature markets of Europe, although did not see massive subsidies, but its high price and the difference in light culture , making commercial lighting and outdoor architectural lighting applications persistent situational demand in the coming years with a total ban on incandescent bulbs the impact of policies fermentation, estimates the market will continue to show steady growth trend, in 2014 the growth rate of the amount of LED lighting products is expected to reach 69%.

In the Chinese market, not only the layout of the emerging LED light source LED manufacturers active market , with the advantages of traditional brands and pipeline lighting manufacturers are also actively network and take a two-pronged approach to expand the store LED lighting business , the Chinese government is working through subsidies, play active role to promote the development of LED industry , while the upstream equipment to resolve because of excessive subsidies led to overcapacity and business failures problems. The agency estimates the amount of LED lighting products in China next year the growth rate will reach 86%.


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