Traditional lighting companies continue to lead the global LED lighting market growth
In 2013, global lighting production value reached approximately US$111.6 billion, and it is estimated that it will grow steadily by 4% in 2014 to reach US$116.2 billion. Although the current lighting market still uses fluorescent lamps and incandescent lamps/other types (halogen lamps, HID lamps, complex metal lamps, etc.) as the mainstream light source, in essence, LED lighting has become a source of power for contributing to the growth of output value.
In 2013, due to the traditional lighting giants Philips, General Electric, Acuity Brands, Zumtobel, Cooper Lighting, etc. in the LED lighting business revenue growth rate of 40% to 70%, and global LED component technology leader Cree entered the LED lighting terminal application products The growth rate is also close to 50%. Driven by these high-growth companies, global LED lighting production value in 2013 was about 18.8 billion US dollars, with a growth rate of 42%; LED lighting output penetration rate was nearly 17%, and it is expected to exceed 20% in 2014.
In 2013, the world's top ten lighting revenue manufacturers (including LED lighting revenue) accounted for about 28% of the global lighting market, and the industry concentration was not high. This means that lighting still belongs to a fairly fragmented industry, with regional or localized characteristics. In 2013, the world's top 10 LED lighting revenue-generating companies accounted for approximately 61% of the global lighting market, and the industry concentration was relatively high. Although the LED lighting industry is in a low-level oligopoly, it is still not a trade-off or oligopolistic industry, but the industrial concentration has continued to rise.
American companies that switch from traditional lighting to LED lighting, and regional brands and foundries in mainland China, which are the world's largest manufacturers of lighting, are expected to continue to grow in 2014, thus boosting the penetration rate of global LED lighting products. The era of LED lighting has indeed arrived.
In 2013, due to the traditional lighting giants Philips, General Electric, Acuity Brands, Zumtobel, Cooper Lighting, etc. in the LED lighting business revenue growth rate of 40% to 70%, and global LED component technology leader Cree entered the LED lighting terminal application products The growth rate is also close to 50%. Driven by these high-growth companies, global LED lighting production value in 2013 was about 18.8 billion US dollars, with a growth rate of 42%; LED lighting output penetration rate was nearly 17%, and it is expected to exceed 20% in 2014.
In 2013, the world's top ten lighting revenue manufacturers (including LED lighting revenue) accounted for about 28% of the global lighting market, and the industry concentration was not high. This means that lighting still belongs to a fairly fragmented industry, with regional or localized characteristics. In 2013, the world's top 10 LED lighting revenue-generating companies accounted for approximately 61% of the global lighting market, and the industry concentration was relatively high. Although the LED lighting industry is in a low-level oligopoly, it is still not a trade-off or oligopolistic industry, but the industrial concentration has continued to rise.
American companies that switch from traditional lighting to LED lighting, and regional brands and foundries in mainland China, which are the world's largest manufacturers of lighting, are expected to continue to grow in 2014, thus boosting the penetration rate of global LED lighting products. The era of LED lighting has indeed arrived.
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