According to LED research institutions, the market scale of international LED construction was about $3.191 billion in 2012l, taking up to 29% of whole LED lighting market. This year, our country has initiated fiscal subsidy to promote high-effective energy-saving lighting among which the share of LED grows enormously.
The insiders of the industry think that the relevant bidding result is likely to be released by the end of the year and will be the catalyst for LED. Since September this year, the performance of domestic LED manufacturers improved compared to July and August. The need for LED lighting grows steadily and it will not be bad even in the slack season. And by 2014, the total value of LED lighting market will increase by 47.8% more than 2013, reaching $35.3 billion.
In the past, the major colors used by LED are RGB and Color LED. But LED supply is far greater than the need, thus making the ASP of high-power white light LED cutting down the price at the rate of 35-40% every year. The construction lighting manufacturers in the market now accept the white light LED more. Therefore, the application of white light LED in construction was over 40% in 2011. With the great improvement of white light LED efficiency and the decline of price, the white light has gradually begun to substitute RGB/Color to become the major construction color from this year.
The Chart on the rate change of LED construction lighting market as below:
With the rapid development of LED lighting, the LED lights have slowly entered into indoor lighting. Some thought that the market share of LED indoor lighting may reach 30% by 2015 and 50% by 2020. Now, domestic LED indoor lighting mainly focuses on decoration lighting, for example some entertainment places, commercial lighting and public lighting like underground parking lot and star-rated hotels, having not yet stepped into the large market of ordinary home lighting. The principal indoor lighting products are commercial fluorescent lamp, down lamp, spotlight, LED bulb which replaced incandescent lamp and freezer lamp etc. 2012-2015 will be the promoting years for home lighting.
The indoor lighting of home lighting and commercial lighting in LED lighting market is still under development and the outdoor lighting mainly concentrates on street lamp. The development of market segments of LED lighting drew much attention to its relevant technology.