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U.S. forecasts global solid state lighting will be up to $ 56.79 billion in 2018

The latest report of the Marketsand Markets that is the U.S. market research firm predicts that the global solid-state lighting (SSL) market will reach $ 56.79 billion by 2018, CAGR will be 18.7% from 2013 to 2018.

LED lighting

According to Marketsand Markets latest report called “solid-state lighting type (LED, OLED, PLED), applications (general illumination, backlighting, automotive lighting, medical lighting), category (industrial, domestic, consumer electronics), materials and geographical – market Analysis and Forecast (2013-2018) “, the global solid-state lighting market is expected to reach $ 56.79 billion by 2018, CAGR will be 18.7%from 2013 to 2018.

Global solid-state lighting market is based on the solid-state lighting type, scope of the application and to divide. Among them, the types of solid state lighting includes the LED, OLED and PLED (polymer light emitting diode), and the LED can be further fractionized according to the different stages of the production process and the material used.

LED is mainly used in general lighting and background lighting. In addition, energy efficiency of the solid-state lighting will combine with the light-based medical technologies. For example, the LED light such as the LED flood lights that is of low heat dissipation and bright and illuminated rang is used as the surgical light, in order to create a comfortable working environment for the surgeon and the patient.

OLED lighting has great market share in the background applications. Because of the OLED diverse uses and better display characteristics, the demand for the OLED is rising. With reduction in production costs, OLED display prices will fall, so that further penetrate the market of the display, and gradually replace the LCD and LED display technology. Many Asian companies have been targeting the OLED devices and materials market, and strive to become one of the leader. Expected that CAGR of OLED will likely reach 25% or more.

The general lighting and background lighting accounted for 87% of the solid-state lighting market of the world in2012,. Asia-Pacific region is the world leader in solid-state lighting market, the regional market share  is 50% of the total in 2012, followed by North America and Europe market where the share was 23.9% and 19.9%​​. In addition, Russia, Brazil and the Middle East in accounted for 6.3 percent of global market share in 2012.

Obviously,as the Earth’s resources are becoming dearth  and the environment is abnormal, we are gradually meaning  the importance of energy saving and environmental protection at the same time, plus that LED lighting technology is constantly improving and innovating,the LED lighting that is semiconductors lighting  as the third-generation lighting can be perfectly connected to the design, electronics, medicine, agriculture, aviation and other fields to brings us a new visual experience and unprecedented convenience, energy-saving and high-tech LED lighting will eventually replace traditional fluorescent lamps and energy saving lamps and become the global illumination.

Nowadays,the LED flood lights and LED tube light are the most widely used as the representatives of the decorative lighting and the home lighting in daily life,the LED tube light enjoys a great popularity in our corridor, restaurants, shopping, leisure and entertainment, galleries, exhibition halls and other indoor environments everywhere, the LED flood lights is mainly used in city squares, parks, stadiums, the facades of large commercial buildings and hotel, stage, waiting rooms, airports etc. where the higher brightness is needed to illuminate,meanwhile,there a large number of factory engaging in developing and producing the LED light,Lead Lighting is just one of them,which adopts high brightness SMD as the light source of the LED tube and highly integrated and high brightness COB as the light source of the LED flood lights so that fully guaranteed stable and soft light of the LED tube light and octahedron breadth and brightness irradiation range of the LED flood lights, while low voltage constant current driver ensure the AC can be converted into the DC to improve energy efficiency of the LED tube light and LED flood lights and reduce the waste heat energy and stroboscopic effect exciting the human eye, the most important is that the LED lighting without adding mercury and other heavy metals harmful to our body and pollution the environment, that’s why the LED light is Known as energy-saving and environmental protection. Login http://www.ledclan.com to learn more features and uses of the LED tube light and surf www.lead-lighting.com  to know more awesome LED flood lights and other LED lighting.

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