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LED industrial lighting market value to reach $2.93 billion in 2016

LED industrial lighting market value to reach $2.93 billion in 2016

Jan 27, 2016: Global LED industrial lighting market value will achieve USD2.93 billion in 2016, and will be further increased with annual growth rate 16%, estimated to achieve USD3.94 billion in 2018. The world top 3 markets in global LED industrial lighting are Europe, US and China.

LED industrial lighting market value to reach $2.93 billion in 2016

READ ALSO: Researchers predict global infrared LED growth at 9% by 2020

In Europe market, indoor and outdoor LED industrial lighting projects are developed in recent years, especially more and more demand for LED high bay lights and LED flood lights. The most popular application is to replace 400W MH lamps with LED high bay lights with power between 150W and 250W at CCT 4000K/5000K, requested lifespan 50,000 hours.

LED industrial lighting market value to reach $2.93 billion in 2016

READ ALSO: USD 23.5 billion peak sales of high-bay luminaires and lamps expected in 2017

In US market, the government rebate is not only applied for LED light source products, but also for outdoor lighting and industrial lighting fixtures. According to DOE latest report, conventional HID and fluorescent lamps do not meet economy demand in energy saving, while LED lighting efficiency is being increased, the conventional lamps will be replaced gradually, which will result in more demand for LED industrial lighting.

Thanks to the keep increasing energy saving performance of LED industrial lighting, more and more conventional lamps will be replaced.

Hitecnico is Solution Provider for Lighting Projects with Strong Advantage in led flood lights, parking lot lights, streetlights, tunnel lights, canopy lights, high bay lights.

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