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In 2015 Chinese Lighting Market Will Reach $ 33.53 Billions

By 2015, the Chinese lighting market will reach 33.53 billions US dollars, up 13.16 percent, accounting for 20.75% of global market share. It has a market share of the world's fifth. And we will continue to maintain a high growth state in the subsequent five years, optimistically estimated 2020 China market will reach $ 48.4 billion, accounting for 23.4 percent of global market, a CAGR of 10 percent, about twice the growth rate of the global market. With the global "Bering ban" the implementation of a substantial potential demand for LED market growth, combined with LED lighting product price war broke out spread, LED lighting popularity has been rapid progress, the global penetration rate rapidly. On May 22th, in the "Seoul Semiconductor LED innovative applications of technology seminar" Xiamen Railway Station, a senior analyst with industry research center OFweek Dengkai Min said: "The global lighting market compound annual growth rate of 5.3 percent; in 2015, the global lighting market will to reach $ 161.63 billion. an increase of 6.5 percent in 2014. " It is understood that the global LED lighting market suggests that, at most shipments to North America, China and Western Europe. Among them, the North American region in the global LED lighting market accounted for a large share, and the average selling price (ASP) is low, consumers prefer high light quality; Japan's LED lighting technology and the market has been at the forefront of taking energy-saving practices in particular by the Fukushima earthquake affected; and Western Europe, due to climate change characteristic of Europe, and therefore it has strict emission reduction targets ,, LED products even at the high price is also conducive to be used. From the global LED lighting market demand, mainly in Japan, China, Europe and the United States. Data showed that Japan's demand still holds the largest share of 33.08%. But with the gradual saturation of the market, market share is gradually reduced; ranked second in China LED market demand. 2014, benefited from the government and the need to promote road lighting and office lighting pulling, China LED lighting market share, up from 2013's 18.68% to 20.17%; while in Europe, the United States accounted matched market demand, respectively, 19.85% and 18.97% .In addition, as LED lighting in emerging markets and further penetration, in 2014 market share of 7.94%, an increase of one percentage point over 2013. Russian LED lighting market in 2014 showed substantial growth, reaching $ 2.48 billion, a penetration rate of around 32%. Southeast Asian markets including the six countries Thailand, Singapore, Malaysia, Vietnam, Indonesia and the Philippines, LED lighting market size of approximately $ 1.1 billion, LED penetration rate of 25%. It is worth mentioning that, LED lighting market in China can see the huge traction, according to senior analyst with industry research center OFweek Dengkai Min said: "By 2015, China's lighting market will reach 33.53 billion US dollars, up 13.16 percent, accounting for the global 20.75% market share. has a global market share of fifth. and will continue to maintain high growth in the state in subsequent five years, optimistically estimated 2020 China market will reach $ 48.4 billion, accounting for 23.4 percent of global market, CAGR 10%, about twice the growth rate of the global market. "

    
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