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Home> Blog> LED light source technology is maturing and long-term market obstacles are getting smaller

LED light source technology is maturing and long-term market obstacles are getting smaller

May 06, 2023

According to the "2013-2017 China LED lighting industry market prospects and investment strategic planning analysis report" analysis, LED lighting market has always been considered the most important and most promising application of LED. Overall, the macro environment is very beneficial to the development of LED lighting applications, mainly as follows: 1) Energy saving and emission reduction has become a global concern and has been actively promoted; 2) Traditional light source technology has grown slowly and faces bottlenecks in development; 3) LED lighting Technological progress and cost are constantly decreasing, and long-term market barriers are not big.
The data shows that in 2009, the global Led Street Light installations were about 2.5 million baht, and the penetration rate reached 1. In 2010, the global LED street lamps could reach 4.5 million baht and the penetration rate reached 2. The report predicts that the global LED street lamp market will grow at a high rate after 2010, with a compound growth rate of 97.75 from 2009 to 2013. By 2013, the global LED street lamp market reached US$2.159 billion.
Forward-looking network LED lighting industry research team analysis believes that China's LED street lamp market will continue to grow due to the ten-city policy. By 2013, China's LED street lamp market is expected to reach 8.663 billion yuan, accounting for 50% of the global market. Around, it has become one of the most important LED street light markets in the world.
With the continued development of the industry, the technological leap of breakthrough, the application of the promotion, LED light efficiency is also constantly improving, prices continue to fall. The emergence of new modular dies has also led to an increase in the power of individual LED tubes (modules). Through the continuous efforts of the industry, the breakthrough of new optical design, the development of new lights, and the single product situation are expected to be further reversed. Improvements in control software also make LED lighting more convenient to use. These gradual changes reflect the broad prospects of LED light-emitting diodes in lighting applications.
Led Ceiling Light is called the fourth generation light source, which has the characteristics of energy saving, environmental protection, safety, long life, low power consumption, low heat, high brightness, waterproof, miniature, shockproof, easy dimming, concentrated beam, easy maintenance, etc. Used in various fields such as indication, display, decoration, backlight, general lighting, etc.

LED advantages: high electro-optical conversion efficiency (close to 100), environmental protection, long life (up to 100,000 hours), low operating voltage (about 3V), repeated switching and non-destructive life, small size, low heat generation, high brightness, sturdy and durable, Easy to dim, colorful, stable beam, no delay.

If you need to purchase lamps in bulk, please contact us.WOSEN is a professional manufacturer and supplier of Led Flood Light, Led Street Light, Led Solar Light, etc. For more information, please visit https://www.wosenled.com/ or contact admin@wosenled.com or WhatsApp +86-13425434349

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