A Landscape of the Future of High Efficient LED Lighting - Energy Watch News


A Landscape of the Future of High Efficient LED Lighting

The world LED lighting market has passed into the maturity stage, of which the saturation makes a few segments struggle. According to stats from LEDinside, a division of market research company TrendForce, the world LED lighting market reached a value of $29.6 billion in 2016 and by 2017 the number will have possibly amounted to $33.1 billion, suggesting more room for the penetration rate of LED lighting, currently at 52% and continually to grow. However, price wars and technology competitions that run in the low-end market rankle international LED manufacturers. Hence, as part of Tier 1 companies, fairly competitive in finance and technology, tend to focus on high efficient LED lighting and other niche markets. http://www.ledinside.com/

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