A Wave Of LED Replacements Will Sweep Five Markets

- Jul 26, 2018-

From 2014, European and American countries began to phase out the 40-60w incandescent bulbs with the largest consumption in the civil market, providing a favorable opportunity for the popularization of LED lighting products.
U.S. government support for LED lighting is growing, and subsidies for energy stars and other lights are growing rapidly, pushing the price of LED lights lower still further.
In Europe, where the market is relatively mature, although there is no large-scale subsidy policy, the high price of electricity and the difference of light culture make the application of commercial lighting and outdoor building situational lighting continuously in demand
LED China market
China is also methodically phasing out incandescent bulbs.As early as November 4, 2011, the national development and reform commission, the ministry of commerce and other departments jointly issued the notice on the gradual prohibition of the import and sale of ordinary lighting incandescent lamps.The announcement made it clear that from November 1, 2011, the import and sale of ordinary lighting incandescent bulbs will be banned in five stages, depending on the power level.
LED Japan market
In recent years, LED lighting industry has grown rapidly with the support of the Japanese government.At the same time, Japan's domestic awareness of energy conservation is soaring, especially after the east Japan earthquake more than two years ago.LED lighting products are rapidly popularized and become the representative of energy-saving products.
LED other Asian markets
Measures have been taken in Korea, Thailand and the Philippines to promote the use of energy-saving bulbs instead of incandescent bulbs.As the above countries start to ban incandescent lamps in an all-round way, the replacement of light sources will be fully started in 2014, and LED lamps are expected to enter the lighting market gradually, which undoubtedly plays a driving role in the development of LED lighting market.
LED other emerging markets
In addition, in emerging LED markets such as Brazil, India, Vietnam, Russia and other countries and regions, various plans and drafts have been issued to support the development of LED lighting industry.The demand for LED lighting products in these areas is on the rise, and the LED lighting market is growing rapidly, especially in the LED public lighting and commercial lighting market.
According to the latest forecast, semiconductor lighting sources will occupy 50% of the global market share in 2014 and 50% in 2016.For the rapid development of domestic LED indoor lighting market.According to the survey results, most people in the industry believe that LED indoor lighting products may account for 50% of the total market share in 2020 (semiconductor lighting network).