Global LED architectural lighting market continues to grow


Memoori estimates that the global market for LED lighting in the construction sector has reached $8.1 billion in 2013, and by the end of 2014 it is expected to rise to $10.3 billion. This market size will grow further and will reach $23 billion by 2018.
This indicates that the overall compound annual growth rate (CAGR) is 22.8 over a six-year period. Once the time limit specified in this report is exceeded, the revenue growth rate of this part will be affected by the increase in market competition costs. Slowdown, the market size of LED lighting will stabilize in 2020.
Consumers' confusion about LED lighting, the slow decline in product sales prices and even lower than the increase in global GDP in 2013, all made the overall revenue of the LED lighting industry in 2013 unsatisfactory. However, concerns over overcapacity are expected to ease at the end of 2014 as global demand grows steadily.
With the rising demand for LED lighting, Philips, OSRAM, CREE, AcuityandGE and other big companies that have played an important role in the global lighting market have developed their development strategies to erode this market share. They will get more and more performance contributions from the LED business, rather than traditional lighting technology.
Although the development prospects of LEDs are bright in the medium term, the lighting industry is increasingly worried about what changes will happen to the LED industry when the demand for replacement markets is basically saturated by 2020. Needless to say, when the market share of LED lighting reaches 70-80, when the replacement cycle of lamps is extended, the LED industry will go where.

Squeeze Bottle

A squeeze bottle is a container made of a flexible material such as plastic that allows the contents to be dispensed by squeezing the bottle. Squeezy BottlesThese bottles are typically used to hold condiments such as ketchup and mustard, but can also be used to hold a variety of other substances, such as soapy water, shower gel, or shampoo. The design of the squeeze bottle makes it easy to control the amount of material dispensed and also helps prevent spills and messes.Liquid Squeeze Bottle

Squeeze Bottle,Squeezy Bottles,Clear Squeeze Bottles,Liquid Squeeze Bottle

Kunshan Muchun Electric Co., LTD , https://www.muchunelectric.com