Ctroch,Research institutions LEDinside's latest report said the global LED lighting market is growing steadily, the market is expected to grow from 2016 to 2015 increased to $ 25.7 billion $ 30.5 billion, LED lighting penetration will increase to 31% in 2015 to 36%.
LEDinside analysts said the price slump has seriously affected the profit Ctroch LED replacement bulbs and tubes products, lighting companies therefore began to turn their attention to the professional lighting market, and hopes to increase government spending, especially spending on new public projects can increase create new opportunities. Also industrial lighting, commercial lighting and architectural lighting, and other fields also has great growth potential Ctroch.
Ctroch The report predicts that next year major global LED lighting market growth in the United States and India. Strong demand in the US market this year, lighting, industrial / commercial lighting, horticulture lighting and marine lighting applications demand. America's major lighting companies are actively developing various LED lighting products, and increase the related investment. The Indian government plans to buy 200 million LED light bulbs at the end of 2016, and published on LED street reconstruction project tender. To meet the production capacity and manufacturing capabilities tender conditions, the Indian government to encourage international bidders establish joint ventures with local lighting business. Therefore, the expected 2016 Indian LED lighting market will remain hot.