Sep 30 2010
A B2B search platform in China, Frbiz.com has reported that the LED lighting market in China will gain enormous momentum between 2010 and 2013.
LED lighting is an additional LED application market. Presently, LED lights and landscape are two application markets that are growing rapidly. The market for general lighting for small projects is difficult to initiate, because the cost serves as an obstacle, hindering the LED lighting lamps’ popularization. Currently, the LED lighting appliances’ cost is five to ten times more than the HID xenon lamp devices and fluorescent lamp appliances.
The compound annual growth rate of the Chinese landscape LED market attained 42.8% this year, with the cost of every lumens decreasing, and support from the government increasing. The speed of the LED lighting market development is improving, and the penetration field is also growing.
Frbiz.com also reported that the annual average compound growth rate of the landscape LED market will attain 21.5%, whereas the average compound growth rate of the street lamp LED market will reach 38.8%. The fast development of the lighting industry will drive the market demand for LED lighting.