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LED lighting market development and choice of LED driver solutions

November 11, 2022

In the global light bulb market, the amount of appetite is 20 billion. After the incandescent lamp was put on production and the ban on sales in 2012, although the popularity of energy-saving fluorescent lamps (CFL) still prevailed, the global environmental awareness was high. Light-emitting diodes ( LEDs ) have become a national policy, and LED bulbs will be one of the first products to be introduced in lighting projects driven by many countries. The market regulator estimated that the LED bulb penetration rate will be 3% in 2011, and the shipment volume will reach 600 million, with an output value of 8 billion US dollars. By 2013, with the 40-watt and 60-watt traditional light bulbs raging, the overall market size will increase dramatically to 2.5 billion.

The mass market for LED lighting already has activation conditions

The economics of LEDs are mainly reflected in their better power saving effect and illuminance efficiency. In addition, due to the long life of the LED, the replacement cost is also significantly better than other light sources. In the global light bulb market, the amount of appetite is 20 billion. After the incandescent lamp was put on production and the ban on sales in 2012, although the popularity of energy-saving fluorescent lamps (CFL) still prevailed, the global environmental awareness was high. Light-emitting diodes (LEDs) have become a policy of choice in various countries, among which LED bulbs will be one of the first products to be introduced in lighting projects driven by many countries. The market regulator estimated that the LED bulb penetration rate will be 3% in 2011, and the shipment volume will reach 600 million, with an output value of 8 billion US dollars. By 2013, with the 40-watt and 60-watt traditional light bulbs raging, the overall market size will increase dramatically to 2.5 billion. Countries such as Japan, South Korea and North America have implemented subsidy policies for green products such as LED lighting. At present, there are also high willingness to replace LED lighting in places such as stores, stores and factories. It is estimated that the global LED lighting penetration rate is expected to exceed 10 in 2011. %, attracting major companies such as Nichia, Philips, Osram and Cree to compete for business opportunities. As more and more countries begin to budget replacement LED street lights, and LED lighting prices are more than 30% per year, the penetration rate is expected to increase to nearly 20% in 2013, and the market prospects are expected. 

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