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The emergence of online and mobile shopping in China has changed the distribution structure of many industries, including the lighting industry. Due to the popularity of LED lighting products on online shopping platforms, the LED lighting market scale could go up on a yearly basis. At the latest, the proportion of lighting products sold through online channels is expected to reach 30% in 2017, according to "2015 Chinese Lighting E-Commerce Market Analysis" released by LEDinside, a subsidiary of Trendforce.
LED components have been successfully introduced in light source products, according to the new report “2015 Global Lighting Market Outlook” by LEDinside, a division of the Taiwan-based market intelligence firm TrendForce. As the commercial lighting market expands, lighting tubes have become the most in-demand product with light bulbs second. Additionally, in the luminaire market, demand for ceiling lights high, but mostly in the home.
The global LED lighting market will reach $25.7 billion dollars and its market penetration will increase to 31% in 2015 as the overall lighting market grows to $82.1 billion, according to a new report by LEDinside, a division of the Taiwan-based market intelligence firm TrendForce.
The LED packaging industry’s value is anticipated to only rise an estimated 3.2% on-year in 2015, from this year's US$14.6 billion to US$15 billion, according to the latest “Global LED package Industry Report” released by LEDinside, a division of Taiwan based market intelligence firm TrendForce. “With growth in the LED package market slowing and competitive pressure coming from China, the LED industry will face some major challenges next year,” said Roger Chu, research director at LEDinside.
China’s e-commerce market scale has reached US $445.1 billion in 2014, and fundamentally changed consumers’ daily habits. The emergence of the e-commerce industry, has made establishment of online shops a top priority for LED manufacturers, according to LEDinside, a research subsidiary of the Taipei-based market intelligence company TrendForce.
