TrendForce says demand for LED bulb and tube to grow 80%+ in 2014
TrendForce's Green Energy Division LEDinside estimates that the global demand for LED bulb and LED tube will increase by 86% and 89% in 2014 respectively over 2013.
Further details of findings shared by TrendForce:
2012~2014 Global LED Lighting Market Volume Estimation – by product category
Terri Wang, an analyst of LEDinside, points out that the rapid decline in LED lighting product prices are stimulating the market demand, hence manufacturers have continued to introduce various LED lighting products with the prices close to that of traditional lighting products. Taking LED bulb as an example, comparing with 2012, the drop in LED bulb price in 2013 becomes more obvious, and the product price gap between different brands is gradually narrowed. Besides, the positive price strategies of first-tire manufacturers are expected to promote the development of LED lighting market greatly, and the demand driven by price incentive will be further fermented in 2014. Price Trend of LED Bulb in 2013 (replacing traditional 40W&60W incandescent lamps)
In addition to manufacturers' pricing strategy, the projects and subsidy policies in regional markets also have made sig...
Terri Wang, an analyst of LEDinside, points out that the rapid decline in LED lighting product prices are stimulating the market demand, hence manufacturers have continued to introduce various LED lighting products with the prices close to that of traditional lighting products. Taking LED bulb as an example, comparing with 2012, the drop in LED bulb price in 2013 becomes more obvious, and the product price gap between different brands is gradually narrowed. Besides, the positive price strategies of first-tire manufacturers are expected to promote the development of LED lighting market greatly, and the demand driven by price incentive will be further fermented in 2014. Price Trend of LED Bulb in 2013 (replacing traditional 40W&60W incandescent lamps)
In addition to manufacturers' pricing strategy, the projects and subsidy policies in regional markets also have made sig...
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