The total income of the global lighting market including LED lighting will grow to $ 150 billion (89.1 billion pounds) by 2020

Recently, the report compiled by the McKinsey said the total income of the global lighting market will grow to $ 150 billion (89.1 billion pounds) by 2020, most of the growth will come from LED lighting especially landscape LED lighting including high power LED flood light, which will rise to 53.5 billion pounds (about 561 billion yuan ), high power LED flood light and other commercial and industrial and household LED lighting is expected to account for 60% of the market share in 2020. And lighting costs will follow the decline in the proportion of 30% per year until 2020.

   

In addition, the market research firm Transparency Market Research (TMR) released the report, said the smart lighting market in 2020 will be worth 33.23 billion pounds (348.9 billion yuan) and predicted that the market growth rate of high power LED flood light and other outdoor and indoor LED lighting will be over 30% from 2013 to 2029. Europe will lead the LED world market,Europe  accounting for 33.1% share of  the global LED lighting market in 2012 is the largest market. TMR put this growth is attributed to strong government measures, such as the ban on incandescent in several countries,including Britain, Germany, Denmark and Russia are in the forefront of Europe, there is a strong focus on the deployment of efficient lighting in order to improve the quality and lower overall operating costs.

TMR said that the commercial application had been the largest LED lighting end-users in 2012, accounting for 52.5% of the entire market. TMR is expected that commercial high power LED flood light and other LED lighting application will maintain its leading position throughout the forecast period due to the application of new business applications in the Asia Pacific and Middle East region. The construction industry is the second largest application areas, which is expected to continue to grow. For the construction application，Japan and Europe is the fastest growing region. The report concluded that a wide range of applications in the construction sector benefited from decorative and functional lighting which increases in the landscape, signs, sculptures and use of the column.Browsing http://www.lead-lighting.com/products/sid125-1.htm for more information about high power LED flood light.

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