The huge potential of the U.S. LED market
According to the US Department of Energy, LED lighting will reduce US energy consumption by nearly half by 2030; by 2030, the area with the greatest energy saving potential in the United States is the commercial sector, followed by the residential sector. The two sectors are expected to save 37% and 34%. Even if you look back to the short-term, the US LED market demand growth is expected to be coveted. The US Department of Energy report predicts that the overall size of the US lighting market will reach 25.1 billion US dollars in 2016. According to a report issued by the US Department of Energy on January 14th, the demand for light-emitting diode (LED) lighting fixtures will increase by 7.4% per year; as one of the world's best lighting markets, the huge potential of the US LED market may indicate the entire overseas market. The LED market is ushering in a period of rapid expansion.
Industry research institutions pointed out that the global ban on the sale of incandescent lamps below 60 watts in 2014, and the stimulating effect of the demand for LED tubes to replace light sources has begun to become prominent in the second half of 2013.
