In 2018, the global LED lighting market will reach nearly 4 billion US dollars

According to the latest 'Industrial Lighting and Patio Lighting Market Trends' report by the industry organization, industrial lighting plays a pivotal role in the lighting industry, especially in the fierce price competition of replacement lighting products (LED bulbs and lamps in general stores, etc.), so more and more LED manufacturers hope to enter the field of industrial lighting to improve profitability. It estimates that the global LED industrial lighting market will reach US$2.366 billion in 2015 and US$3.935 billion in 2018. The author said that the energy-saving effect of LED can make industrial lighting more cost-recovery and competitive than household lighting under long-term use, and there are enough incentives for the industry to replace LED patio light products. In addition, the performance improvement of LED lighting products and the further reduction of prices, coupled with the advantages of industrial lighting products, the industrial lighting market will become the focus of competition between LED packaging and lighting manufacturers in 2015-2016. LED patio lights are the largest type of lamps, which are divided into industrial and mining use and general use (that is, used in indoor and outdoor places such as warehouses and sports venues). It is a major focus in the development of the industrial lighting market. Due to the use of LED light source, it can be turned off instantly without preheating time. In addition, the long service life of the product also saves maintenance costs. Long-term use can significantly save electricity costs than HID light sources. With the improvement of LED technology and heat dissipation capacity, 80W-250W LED patio light products are the mainstream in the market, with a luminous flux of about 10,000lm-30,000lm and an illuminance of about 275-300lux. Since patio light products have not yet fully entered into standardized products, the price strategy will depend on product specifications and regions. Among them, the price of Chinese manufacturers' products is relatively low, and the product specifications are relatively small, so that the pricing is relatively fixed and the price fluctuation is small. At present, the main leading industrial lighting manufacturers include GE Lighting, CREE, Cooper Lighting of the United States; Iwasaki Electric, Toshiba of Japan and Ocean King of China have all performed well in recent years. The ultra-high-power LED light source launched by CREE reduces the cost and makes the structural design of the product simpler; GE's light source adopts modularization and emphasizes heat dissipation design, and the product life reaches 100,000 hours. [The above content is organized and released by solar street light manufacturers for you]
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