When will the LED lighting market mature?
The policies of governments to ban incandescent lamps will begin to ferment in 2012, and more than two-thirds of the world will begin to ban incandescent or high-wattage incandescent lighting. A research organization believes that the post-incandescent lamp period has come, and the importance of LED lighting applications has been highlighted. The next four years will be the final critical period for the LED lighting market. It is estimated that household LED lighting will not enter the mature market until 2016. Regions with the greatest growth in demand. Take the Japanese market as an example. The 311 earthquake caused a power shortage crisis, which made the Japanese market mature before 2014. In addition, countries in Central and South America, including Mexico, Cuba, Brazil, and Venezuela, have banned incandescent lamps, and insufficient power supply has also increased energy-saving lighting. Product demand, coupled with lower specifications for LED lighting products, is expected to become a great business opportunity for various LED lighting manufacturers
Since June 2011, major Taiwanese companies have invested heavily in advertising and marketing budgets to directly educate consumers, increase product awareness, and indirectly increase market sales, with monthly growth rates of 35% to 50%. The output value of LED lighting accounts for the proportion of the product mix of Taiwanese factories and packaging factories, from less than 10% at the beginning of 2011 to an average of 25% in Q1 2012. LED lighting
However, the agency said that the global market will face a two-stage development bottleneck before it enters a mature period in 2016.
First of all, affected by factors such as high prices and insufficient market awareness of products, the market penetration rate is difficult to break through the 20% bottleneck. Once the threshold is crossed, it will enter a period of rapid growth. Second, due to the fact that LED lighting products have a service life of up to 20,000 hours and only need to be replaced for about eight to ten years, when the market penetration rate grows to 40%, they may face a long replacement cycle again, which will lead to sluggish demand. The predicament of stagnant growth. LED lighting company and LED lighting manufacturer
In the application market, outdoor LED lighting will be given priority, commercial LED lighting, industrial LED lighting, and automotive LED lighting will be followed, and finally penetrate into the home market. Market growth trend, the agency pointed out that the Asian region will become a big market for LED lighting
From the three aspects of global population growth, power supply demand, and energy-saving trends, it is analyzed that the global LED lighting will grow significantly in the next ten years.
