May 06, 2024

This year, the annual growth rate of US and European LED lighting output will reach 40 or more.


The regions with the most power consumption in global lighting are North America, Europe, and the mainland, with a combined proportion of 60.6, indicating that the above three regions are the main markets for the lighting industry.
However, if we observe the proportion of LED lighting in the major regions of the world, the highest in Japan will be 25.6 in 2014, mainly due to the LED lighting penetration rate (by production value) of the region will reach 65.6. However, it is worth noting that the future growth of the region is slowing down. , DIGITIMESResearch estimates that the annual growth rate of LED lighting in Japan will be 22 in 2014, lower than North America, Europe, and the mainland's annual growth rate of 40 or more, and lower than the global LED lighting output value annual growth rate of 38.
DIGITIMESResearch estimates that the total proportion of LED lighting in North America, Europe and mainland China will reach 59.4 in 2014, an increase of 2.4 percentage points from 2013, and a decrease of 3.4 percentage points in Japan. The main reasons for the growth of the above-mentioned three-zone LED lighting, including the shift of the product line focus from the original commercial lighting market to the consumer market, the traditional lighting factory to increase the proportion of LED product lines, the mainland government continued to invest resources in LED lighting projects.

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