It is expected that under the circumstance of sustainable growth of South Korea and China, Asia will still lead its way in international LED industry. With the policy supporting and promotion towards LED lighting by countries around the world, the use of LED lighting first initiated in the field of public lighting, especially promoting the rapid development of LED street light.
The data shows that the amount of international LED street light is about 2.5 million and 1% permeability in 2009. The amount of LED street light might attain 4.5 million in 2010 and over 2% permeability in 2010. The report predicted that international LED street light market would sharply increase after 2010, achieving compound growth rate to 97.75% from 2009 to 2013. Market share of International Street light will reach $2.159 billion by 2013.
According to the analysis of Industry Research Institution LED lighting Study Group, driven by the policy of “Ten Cities and Ten Thousand Lights”, domestic LED street light market will grow sustainably and it is estimated the market scale of LED street light will attain $8.663 billion by 2013, occupying 50% of international market share and becoming one of the most important LED street light markets in the world. Only to grasp the overall development of Asian LED industry, can we better seize the global development of LED industry.
The outset of European and American Street Light Market helping the initiate of LED industry
The overall lighting market in Europe is relatively mature. But the high electricity price and special light culture made the continuous demand of LED application for business lighting and outdoor construction lighting.
As the price of LED lighting continuously goes down and the amount and scale expands sharply, pointed out by Lin Zhixun, Director of Energy Research Group of Research Center of Industrial Economy and Trend in Industrial Technology Research Institute, that it is possible for 30% growth of international LED lighting market in 2013 and the total value of international LED lighting will be $65.8 billion.
Meanwhile, affected by the policy of comprehensive prohibition on selling incandescent lamp of the EU, the increasing rate is expected to speed up extensively. It is estimated that the European LED lighting industry will achieve $10 billion in 2015, the compound growth rate expected to reach 49% between 2011 and 2015, becoming next rapid growing and mature LED lighting market after Japan.
Light culture of Europe pays great attention to build light environment but not simply stresses on the kinds of lights or the intensity of the brightness. Set Lyons, France as an example, the government takes out budget every year to put into lighting construction and holds lighting festival and sets up Lighting Urban Community International, integrating light and urban culture which at the same time brings tourism and economic benefit.