Recently, Frost & Sullivan Research published a research report indicating that thanks to the increasing importance of energy-saving lighting technologies and alternative energy technologies, the annual compound growth rate of India's LED lighting market is expected to be between 2010 and 2015 ( CAGR) will be as high as 45.53%.
India's LED lighting market in 2010 was slightly $73.3 million. Frost & Sullivan expects that by 2012, more than 60% of LED lighting demand in India will come from street lamps and the railway industry. The agency believes that the popularity of LED lighting depends on factors such as specification standardization, government support, consumer acceptance, and whether prices are close to the people.
Frost & Sullivan pointed out that price advantage and brand image are the key to achieving high competitiveness in the lighting market in India. For buildings in India that have LEED (Energy and Environmental Pilot Design) certification, LEDs have a strong appeal and play an important role.
Pike Research, a technology market research agency, published a research report in mid-November that the sales of LED lighting systems in the Asia-Pacific region are expected to increase rapidly in the next 10 years, and the growth rate will be particularly pronounced after 2015. According to forecasts, by 2021, shipments of LED bulbs and lamps in the Asia-Pacific region will increase by more than 700% from 66 million in 2011 to 542 million. During the above period, sales of lighting products other than LEDs (including incandescent lamps, T8/T5 lamps, and fluorescent bulbs) will show a steady decline.
Japan has launched the 21st Century Light Project more than 10 years ago, and has since introduced several LED subsidies and support policies. Taiwan also introduced the "Next Generation Light Source Technology Development & Supply Strategy", which calls for the industry to shift its focus from traditional semiconductors to LED lighting and material production.
China's commitment to the development of LED lighting is even greater. For example, Shenzhen plans to retrofit LED fixtures with more than 90% of public facilities, street lights, and commercial buildings in the next 10 years.
Leading manufacturer of LED lighting products, Lighting Science Group (LSG) issued a press release on October 27th. The company has received more than US$100 million in orders for LED lighting products since this year (2011), which represents a significant increase of more than 100% from the same period of last year. . Lighting Science Group will launch a top 60-watt LED lamp that sells for less than $15 in the United States in the next year (2012).
India's LED lighting market in 2010 was slightly $73.3 million. Frost & Sullivan expects that by 2012, more than 60% of LED lighting demand in India will come from street lamps and the railway industry. The agency believes that the popularity of LED lighting depends on factors such as specification standardization, government support, consumer acceptance, and whether prices are close to the people.
Frost & Sullivan pointed out that price advantage and brand image are the key to achieving high competitiveness in the lighting market in India. For buildings in India that have LEED (Energy and Environmental Pilot Design) certification, LEDs have a strong appeal and play an important role.
Pike Research, a technology market research agency, published a research report in mid-November that the sales of LED lighting systems in the Asia-Pacific region are expected to increase rapidly in the next 10 years, and the growth rate will be particularly pronounced after 2015. According to forecasts, by 2021, shipments of LED bulbs and lamps in the Asia-Pacific region will increase by more than 700% from 66 million in 2011 to 542 million. During the above period, sales of lighting products other than LEDs (including incandescent lamps, T8/T5 lamps, and fluorescent bulbs) will show a steady decline.
Japan has launched the 21st Century Light Project more than 10 years ago, and has since introduced several LED subsidies and support policies. Taiwan also introduced the "Next Generation Light Source Technology Development & Supply Strategy", which calls for the industry to shift its focus from traditional semiconductors to LED lighting and material production.
China's commitment to the development of LED lighting is even greater. For example, Shenzhen plans to retrofit LED fixtures with more than 90% of public facilities, street lights, and commercial buildings in the next 10 years.
Leading manufacturer of LED lighting products, Lighting Science Group (LSG) issued a press release on October 27th. The company has received more than US$100 million in orders for LED lighting products since this year (2011), which represents a significant increase of more than 100% from the same period of last year. . Lighting Science Group will launch a top 60-watt LED lamp that sells for less than $15 in the United States in the next year (2012).
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