2016 LED lighting power market will reach 10 billion US dollars

    According to a research report, due to legislative reasons and rising power costs, the LED lighting market is developing rapidly. Under the impetus, the global demand for power supplies is expected to reach 4 billion in 2016, that is, the global LED lighting power supply market is expected to reach 10 billion US dollars. . An analyst said that the demand for LED lighting solutions is growing from low-power residential lighting retrofit LED lights to high-power commercial and industrial LED lights.

    The report pointed out that the traditional lighting market has long been ingrained. Now it is necessary to provide power devices for LED lamps. LED manufacturers are facing new challenges and need strong power device expertise, which creates opportunities for power supply manufacturers. The requirements for LED lighting power supply depend mainly on the design factors such as rated power, the number of LEDs and LED strings, and the environment in which they are used.

    In addition, the report pointed out that LED lighting will be the only opportunity in the power industry, although general lighting has always been a small, low-growth market for the power industry. However, the competition in the lighting industry has been fierce, and some large LED luminaire manufacturers are trying to meet these challenges. Some large LED luminaire manufacturers have the ability to design and manufacture power circuits through subsidiaries or acquisition power suppliers. The report predicts that more than 50% of the LED power market will be dominated by power supply manufacturers in 2016.

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