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The data tells you that they or will be the next emerging LED market
- May 23, 2017 -

LED lighting has become the mainstream of the lighting application market, but after a rapid increase in market penetration in recent years, 2016 LED lighting product prices slowed down, but the market growth momentum slowed down, showing the global demand for hot and cold uneven phenomenon.

 

With the new US President Chuanpu came to power, or on China's exports to the United States have a negative impact. The industry believes that the US market uncertainty in 2017 increased, emerging markets such as Southeast Asia, the Middle East and other places to grow potential, will be expected to become a battleground.

 

After years of rapid growth in 2016, China's exports of lighting products began to decline. According to official statistics, exports of lighting products for the third quarter were $ 28.56 billion, down 13.9% year-on-year, the first decline since 2009.

 

Another data show that from January to November 2016, the EU, the United States, Japan, ASEAN countries, BRIC countries and the Middle East countries are China's LED lighting products export the main market, but the growth situation varies. US market growth slowed to 17%, the market share than the same period in 2015 to expand 4 percentage points; the EU growth rate of 23%; the rapid rise of the Middle East market, the highest growth rate of 27%, the market share of 7% An increase of 2 percentage points over the same period. At the same time, the Russian market fell sharply; BRIC market share from 7% in 2015 to 6%; exports to Japan fell sharply, compared with the same period in 2015 fell 17%.

 

To be developed by the emerging LED market

Thailand market

LED lighting tube is increasingly favored by Thai consumers, as more and more enterprises to join the LED lighting market competition led to the price decline. In addition, the Thai government departments to promote energy conservation and encourage the use of LED lamps instead of fluorescent tubes, to promote small and medium enterprises and some consumers to more use LED tube.


Kaitai Research Center (Thailand Kai Tai Bank affiliated institutions) that the above factors are expected to promote the Thai LED lighting tube demand growth, promote LED lighting tube market continues to grow. Kaitai Research Center predicts that the market value of LED lighting in 2016 is expected to expand from RMB3.33 billion (equivalent to approximately RMB696 million) in 2015 to 49.8-51.5 billion baht (equivalent to RMB930-9.62 billion) The increase will be from 27.7% in 2015 to 33.5-38.1%. 2016 lighting market value of the lamp will reach 219.7223.8 billion baht (equivalent to about 41.04-41.81 billion yuan), than 2015, 20.22 billion baht growth of 6-8%, of which LED lighting lamp market value of the proportion of Expect to reach 23.0%.

 

Vietnamese market

At the same time, with the gradual growth of Vietnam's per capita income, the LED home lighting market has begun to flourish, so the LED manufacturers, the local brand management and access to the construction will become the key to open up the market.

 

Research report shows that in 2015 the scale of Vietnam LED lighting market reached 271 million US dollars, estimated in 2016 will grow to reach 348 million US dollars, the growth rate of 28%, the Vietnamese market gradually by the LED lighting industry's favor.

 

Observe the overall Vietnam LED lighting market, the past, about 200 million annual consumption of traditional light bulbs in Vietnam, of which more traditional power tungsten bulbs mainly. With the increase in LED penetration, the traditional lighting market in Vietnam over the past few years continued to decline, while the LED lighting market is rising trend, the estimated 2016 LED lighting penetration in Vietnam will reach about 35%.


Vietnamese market

At the same time, with the gradual growth of Vietnam's per capita income, the LED home lighting market has begun to flourish, so the LED manufacturers, the local brand management and access to the construction will become the key to open up the market.

 

Research report shows that in 2015 the scale of Vietnam LED lighting market reached 271 million US dollars, estimated in 2016 will grow to reach 348 million US dollars, the growth rate of 28%, the Vietnamese market gradually by the LED lighting industry's favor.

 

Observe the overall Vietnam LED lighting market, the past, about 200 million annual consumption of traditional light bulbs in Vietnam, of which more traditional power tungsten bulbs mainly. With the increase in LED penetration, the traditional lighting market in Vietnam over the past few years continued to decline, while the LED lighting market is rising trend, the estimated 2016 LED lighting penetration in Vietnam will reach about 35%.


Vietnamese market

At the same time, with the gradual growth of Vietnam's per capita income, the LED home lighting market has begun to flourish, so the LED manufacturers, the local brand management and access to the construction will become the key to open up the market.

 

Research report shows that in 2015 the scale of Vietnam LED lighting market reached 271 million US dollars, estimated in 2016 will grow to reach 348 million US dollars, the growth rate of 28%, the Vietnamese market gradually by the LED lighting industry's favor.

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Observe the overall Vietnam LED lighting market, the past, about 200 million annual consumption of traditional light bulbs in Vietnam, of which more traditional power tungsten bulbs mainly. With the increase in LED penetration, the traditional lighting market in Vietnam over the past few years continued to decline, while the LED lighting market is rising trend, the estimated 2016 LED lighting penetration in Vietnam will reach about 35%.

According to market research firm ResearchandMarkets released by 2015 to 2020, the LED market in Turkey, factors, opportunities, trends and forecasts, from 2016 to 2022, the Turkish LED market is expected to 15.6% compound annual growth rate, to In 2022, the market size will reach $ 344 million.

 LED linear high bay.jpg

LED market analysis report is mainly based on the main application areas of the product - lighting, display and backlight, mobile equipment, marking and billboards and other products. The lighting field is further divided into indoor lighting and outdoor lighting, the product is divided into bulbs, street lamps and spotlights. In the Turkish market, LED is expected to grow at the highest rate in the field of sign and billboard applications.

 

Turkey decided to develop LED products intellectual property rights, LED lights as a lighting alternative to reduce energy consumption, which greatly contributed to the development of the Turkish LED lighting market. With the government to coordinate and increase the use of LED wick, other LED products also began to grow rapidly in the country. As the government invests in outdoor lighting replacement, the penetration rate of the Turkish LED lighting will rise exponentially during the forecast period, replacing the traditional halogen and incandescent lamps in rural areas.

 LS-11-LLB linear lighting system.jpg

Europe's ban on the use of halogen lamps has also provided some opportunities for European manufacturers to export and export LED lighting products to Turkey. Some Turkish manufacturers such as AtilAydinlatma have already begun exporting LED lighting products to European countries.

Iranian market

 

In recent years, the Middle East investment in infrastructure construction heat, forming a huge purchasing power, LED product market demand is also a substantial increase. Among them, Iran is China's LED lighting products in the Middle East's important export market. In January this year, President Xi Jinping led a strong political and economic and trade delegation to Iran for a state visit, which is a milestone in the development of Sino-Iranian relations, opened a new chapter in the development of the two countries.

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