LED construction lighting will peaked in 2018

Issuing time:2019-10-23 00:00

Memoori estimated that the global LED architectural lighting sales in 2018 will reach the top. Pre-construction sector will reached $ 8.1 billion in 2013, by the end of 2014, is expected to rise to $ 10.3 billion, after the market scale machine will continue to grow, peaking $ 23 billion in 2018.

This indicates that in the six-year period, the overall compound annual growth rate (CAGR) of 22.8%. Once the report exceeds the defined time, competition in the market affected by cost factors, revenue growth will change to slow this part of the market size of LED lighting will become more stable state in 2020. Although the medium term, LED bright prospects, but also increasingly concerned about the lighting industry, after 2020, when the basic needs replacement markets become saturated, LED industry will be what kind of change. Needless to say, when the LED lighting market share of 70-80%, the lamp replacement cycle extension, LED industry in turn go from here.