According to the latest "2017 Global Lighting Market Outlook" report pointed out that in 2016 the LED lighting market reached 29.6 billion US dollars in 2017 LED lighting market will reach 33.1 billion US dollars, LED lighting penetration rate reached 52%. Benefiting from the development of the regional lighting market, Europe accounted for 23% of LED lighting in 2016, followed by North America and China. Looking to the future, the Asia Pacific lighting market is growing the fastest.

 

American lighting market

 

The strong dollar policy has made the United States the engine of global demand for LED lighting products, and the products produced around the world have become relatively cheaper. It is expected that this trend will still affect the U.S. market in 2016. At the same time, in order to safeguard the industrial development, the United States is promoting the local assembly of LED lighting, will better meet the needs of the local market segments, expand the market size.

 

Major US manufacturers are actively developing LED lighting business, LED lighting products accounted for the rising proportion of LED commercial lighting / engineering lighting demand is strong in the United States market. Among them, the market demand for Troffer, flat panel light, tunnel light and patio light was the fastest growing, and gradually began to develop into new application areas such as intelligence and optical communications.

 

In addition, the four special commercial lighting markets, including plant lighting, medical surgical lamp lighting, marine and harbor lighting, and smart lighting, are gaining market attention. Plant lighting markets benefit from legal cannabis cultivation and marijuana entertainment amidst the state of Colorado, Washington, seeing that this wave of tumultuous entrepreneurs and lighting system makers are gearing up.

 

Southeast Asia lighting market

 

LED lighting in Southeast Asia strong growth in recent years, the replacement of traditional lighting efforts have also gradually strengthened. Although the overall economic environment in 2015, the growth rate slowed down, but the next few years, with policy incentives and replacement demand growth, LED lighting penetration in Southeast Asia and the scale of imports will continue to rise, Southeast Asia is gradually becoming a Chinese manufacturer Export LED lighting products the main destination.

 

Australia lighting market

 

There are about 70-8 million homes in Australia and an average of 75 lampholders per family. Due to the earlier phase-out of incandescent bulbs, the majority of products are mainly MR16 halogen lamps and traditional ceiling lamps. In the pursuit of energy saving lighting requirements, LED lighting will have more opportunities. In recent years, more and more lighting market in Australia using filament lamp products in commercial lighting space, while also stimulating filament lamp OEM orders in the Chinese market.

 

India lighting market

 

The development of LED industry in India has received the full support of the Indian government. The government has enacted a series of policies to support the development of the whole industry from all dimensions. The core of these is the National Lamp Plan (SLNP) and the High Efficiency Lighting Project (DELP) in India. In addition, in order to diversify investment into India, the Indian government to implement zero import tariffs on LED components (basic tax), prompting LED products to enter the assembly of semi-finished products in India, the development of local markets in India.