May 5 2008
Eighty-one percent of Greater China LED light fixture suppliers predict strong export growth of 10 percent or more in the next 12 months, due primarily to a wider range of LED-based general lighting applications. This is according to Global Sources' China Sourcing Report: LED Light Fixtures.
''The use of LEDs in functional everyday lighting is moving into the mainstream, especially in developed markets. This, in turn, is fueling product development, with Greater China manufacturers seeking to gain an edge through improved performance and application flexibility,'' said the Report's publisher Spenser Au.
Among surveyed LED lighting suppliers' product development plans for the coming months:
- 59 percent are focused on general lighting applications;
- 22 percent are improving optical / lighting design;
- 11 percent are developing models with brighter output; and
- 8 percent are working to decrease decay / deterioration rates.
Most Greater China Suppliers Predicting Strong Growth, Targeting EU Market
''Greater China suppliers are predicting strong export sales of LED fixtures, as demand grows and they expand their product lines to include a wider range of lighting applications,'' said Au.
Among surveyed Greater China manufacturers:
- 67 percent said export sales are expected to increase by 20 percent or more;
- 14 percent expect increases of 10 to 20 percent; and
- 19 percent expect sales to stay flat or to grow by less than 10 percent.
Suppliers are focused on exports to Western markets where the relatively high cost of LED lights versus standard lights is not as much of an issue. Among surveyed suppliers, 56 percent are targeting the EU and 35 percent are targeting exports to the United States.
Au said: ''As applications for LED lighting expand and the cost of diodes and other key components drops, most suppliers see the market as poised for growth.''
In-Factory Interviews, Price Forecasts and New LED Light Fixture Models
The 96-page China Sourcing Report: LED Light Fixtures provides detailed profiles of 37 suppliers with verified manufacturing and export credentials. It includes a Product Gallery featuring 87 of the most popular export models, with key specifications and full-color pictures.
The Report's surveys, price trends and supply forecasts aim to help buyers make better-informed purchasing decisions.
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