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2014 global LED bulb and tube demands will grow 80%

Author : Henry Huang Date : 2/18/2014 8:48:05 AM

Benefit from the rapid growth of LED lighting and the decline of retail prices, the market demand with further expansion; it is expected that the 2014 annual global LED bulb and tube demands growth will up to 80%.

The 2013-2016 is the golden period for development of global LED lighting, the penetration rate will improve from 20% to about 45%, it is a rapid growth industry.

In 2012, the LED lamp sales is about 400 million pcs, 770 million in 2013, and it is expected to reach 2.2 billion in 2015 and 3 billion in 2016, with CAGR of 67% from 2012 to 2016. China is the world main lighting production plant, there are about 60% of LED lights was produced in China in 2013. Along with the growth of global LED lighting, Chinese LED lighting industry chain will surely benefit.