In 2014, the global lighting market is more than 11.2 billion US dollars, is expected to continue to maintain a steady growth momentum in the coming years. One of the biggest art market professional lighting, professional lighting, systems and related services revenue of $ 43 billion, 39% seize market share; automotive lighting market revenues of $ 21 billion, 19% seize market share; consumption lamps and systems revenues of $ 19 billion, 17% seize market share.
Global lighting industry market growth of nearly 2010--2014 global compound annual growth rate of 3% is expected in 2020 will maintain this growth rate. 2020 global lighting market revenue will soar to $ 133 billion, these growth drivers for the development of new markets and more and more families use electricity.
2010 Traditional lamps and traditional bulbs market share was 51% and 14%, dominate the market. 2014 Traditional lamps and traditional bulbs market share fell to 41% and 12%, while the LED lamp market share jumped from 5% to 15%.
However, dramatic changes to the lighting market in 2020 will occur. Then LED will dominate the market, seize 45% market share; followed by automotive lighting market share in 2010 from 17% to 19%; traditional lamps and conventional light bulb market share slipped to 11% and is expected to be 4%, respectively.
