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According to LEDinside, the LED research division of TrendForce, European LED lighting market’s compound annual growth rate will hit 38% in the next five years, becoming another mature LED market besides Japan.
According to the latest price survey by LEDinside, the LED research division of TrendForce, the global LED light bulb price downtrend did not persist in March – 40W equivalent LED light bulb ASP went up by almost 7%, with the uptrend mostly attributed to Japan and the United Kingdom.
The climbing energy-saving awareness over the recent years has been greatly spurring the LED lighting demand. In addition to major brand vendors’ releases of new LED lighting products, mature markets such as Europe and Japan have implemented policies to phase out incandescent light bubs, which further propels the LED market to grow.
The energy shortage raises energy-saving awareness around the world, and with the effort of the major companies, LED lighting once again takes over the spotlight in 2012.
In order to meet the market expectations for lm/$ and to increase market share, LED lighting companies have been striving to make their way into the lighting market. China launched a new subsidy policy for the solid-state lighting products in 2012, arranging public biddings for interior and outdoor lighting products which took place on March 20.
