Next three to four years will be the fastest rising golden period of development of market penetration of LED light
In view of the retail price of LED bulbs from the latest survey, the retail price of 40w LED bulbs decreased by approximately 2.7 % to $ 15.4 on November 2013, of which prices fell sharply by 20.6% in China mainland. The global average price of those replacing traditional 60W incandescent bulb fell 0.7 percent to $ 21.5 .The commercial outdoor LED flood lightand other commercial and industrial and household LED lights have a more substantial decline in prices , and the price gap is narrowing incandescent obviously and has laid a good foundation for the prosperity of 2014 LED lighting market .
Lighting market is fully open , the next three to four years is the golden period of development of the industry.
The policy support in the world's major countries and a decline in the cost of commercial outdoor LED flood light and other commercial and industrial and household LED light will trigger the outbreak of LED general lighting market. The market of commercial outdoor LED flood light and other commercial and industrial and household LED light is a billion -level market, which is expected to make three to four years to maintain a large wave of opportunities for the industry cycle .
According to McKinsey 's data , the penetration rate of LED in general lighting including commercial outdoor LED flood light and other commercial and industrial and household LED light is about 12% in 2011 and will reach 43% in 2016，the penetration rate of commercial outdoor LED flood light and other commercial and industrial and household LED light will 64% in 2020 , we can calculate that the market size of commercial outdoor LED flood light and other commercial and industrial and household LED general lighting is approximately $ 8.5 billion in 2011 , this figure will amount to $ 40 billion ( 200 billion yuan ) by 2016 and would be $ 69 billion or so around 2020. the market penetration of commercial outdoor LED flood light and other commercial and industrial and household LED general lighting is still relatively low , LED general lighting market also has a huge room for growth，next three to four years will be the fastest rising golden period of development of market penetration of commercial outdoor LED flood light and other commercial and industrial and household LED light.Browsing http://www.lead-lighting.com/products/sid53-1.htm for more information about outdoor LED flood light.
