At the beginning, LED was dominated by monochromatic light. Although the power was small and the price was high, it was highly controllable and small in size, so the emerging market was electronic device indicators. With the gradual development of LED lighting fixtures, LED lighting fixtures have gradually replaced some traditional light source products in public places such as lighting engineering auxiliary lighting. In 2009, LED lamps began to be popularized in developed countries. The market has a certain acceptance of LED lamp products. The environmental protection, small size and other characteristics of LED lamps are gradually highlighted.
With the gradual development of LED lighting fixtures, LED has gradually replaced some traditional light source products in public places such as lighting engineering auxiliary lighting. In 2009, LED began to be popularized in developed countries. LED lamps have quickly become the new favorite of the market in commercial applications with high electricity costs and long service life.
With the continuous development of LED lighting, Bob SteELE, the head of Optoelectronics Business Department of Strategies Unlimited, delivered a speech at the conference of "Strategies in Light" and predicted the market of high brightness LED components. In 2011, to be exact, in the next five years, the market prospect of backlight is considerable, and more and more ordinary lamps and lanterns show a strong growth momentum in the whole forecast.
This forecast is mainly aimed at the packaged LED market. In general, Bob Steele once predicted that the LED market share would soar by 53% to $8.2 billion in 2010. By 2014, the compound annual growth rate (CAGR) of LED market will increase to 30.6%, reaching 20.2 billion US dollars.
Based on the life cycle cost analysis of LED lamps, compared with the traditional lamps with the same efficiency, the full cycle cost of the existing LED bulb lamps, LED spotlights, and LED downlights are significantly lower than that of traditional lighting, and have obvious competitive advantages. The life cycle cost of LED straight tube lamps is basically the same as that of traditional lighting. It is expected that in 2012, it will show obvious cost advantages and realize the promotion of alternative use. Among outdoor lighting fixtures, LED street lamps and tunnel lamps, which are used to replace 250W high-pressure sodium lamps, have lower costs than traditional lighting, with a cost gap of about 30%. The competitive advantages of LED street lamps and tunnels have emerged. According to the development trend of LED lighting fixtures in terms of price reduction and performance improvement, it is expected that by 2013, the comprehensive cost of most LED lighting fixtures in their whole life cycle will be significantly lower than that of traditional lamps and become mainstream lighting sources
As a rising star in the field of lighting, LED lights have a bright future. In addition to the lamp stores represented by Bandung Huiyang and many LED businesses, relevant departments are also vigorously promoting the development of LED industry. In 2009, the Ministry of Science and Technology of the People's Republic of China launched a semiconductor lighting application demonstration city program called "Ten Cities Ten Thousand LED Lamps", which plans to promote LED lights in 21 developed cities in the first stage, and install 2 million LED lights in 50 cities in the second stage, so as to achieve the goal of saving 1 billion kilowatt hours of electricity annually.
China's LED lighting application market has begun to take shape. It is expected that with the emergence and implementation of domestic LED lighting product subsidies and other support policies, the domestic LED lighting application market will grow rapidly in the past two years. With the continuous improvement of the performance of semiconductor lighting products and the continuous reduction of manufacturing costs, as well as the improvement of relevant application environments, such as standards, product certification and testing, engineering application design and demonstration, and relevant policies, LED lighting applications will maintain a high growth rate from 2011 to 2015. According to the lamp data, its share in the lighting market is expected to rise to about 30% in 2015, becoming one of the competitive mainstream lighting sources.
