LED Lighting Market Close to $35 bn in 2016

Digitimes Research predicated that the LED Lighting market will be worth $34.64 billion in 2016 according to 31.3% of total lighting market value.

LED lighting are widely used in retails shops, hospital, exhibition, & indoor public spaces, 1.5 bn LED Lamp shipped worldwide in 2016, hiking 42.6% on year.

In 2016, 52.3% of LED lighting tubes will have lu    minous efficiency of 100 m/w at least, good news is that average retail pricing for a 4’ T8 LED tube will drop 37.6% in 2016 to $11.8.
Therefore, 693 million LED tubes will be shipped worldwide in 2016, increasing 45.9% on year.

LED Light bulbs will be increased to be 28.2% of the market in 2016, 17% for LED light tubes, 33% for LED projection lamps.