Global LED Lighting Market Segmentation
Alternative light sources and global incandescent replacement boom, driven in 2014 the world's fast-growing LED lighting market, but in 2015 because the alternative light source products (including lamps, bulbs), such as product prices fell sharply, profits than expected, making LED lighting market increase motive force insufficient. LED lighting market growth has slowed, 2015 Global LED lighting market size of US $ 25.7 billion, up from 2014 31% 44%,LED lighting market penetration rate. Is expected from 2016 to 2018 global growth in LED lighting market gradually stabilizing, some alternative light sources have replaced complete, market growth steady at around 20%. Lighting businesses began to shift their focus to the field of professional lighting, commercial lighting, construction lighting and architectural lighting.