Chart 1: A report in title of NPD Display Search LED Lighting Market & Forecast Report indicates that the global market share of LED bulbs will run up to 6% in 2013, and will keeps growing to 22.3% in 2016. While the global output of fluorescent light bulbs is 230 million in 2013 and the number is anticipated to grow fast to 790 million in 2016.
Chart 2: The data shows that the total global output of LED light bulbs in 2009 is about 2.5 million with a popularity rate of 1%. However, the number increased to 4.5 million in 2010, and the popularity rate is more than 2%. The report also anticipates that the global LED lighting industry will attain a rapid growth after the economic recession of 2010 at a CAGR of 97.75% (from 2009 to 2013), and the global LED bulb manufacturer will reach a total sales volume of $ 2.159 billion 2013. Speaking from the condition of LED end product at present time, the application technology of LED lighting will be mature in 2013, and will stimulate a hot demand in LED street light and LED tunnel light then. LED lighting industry has developed from an unknown into a remarkable part to the project of outdoor lighting. Different from general consumer, the size and growth speed of LED lighting industry depend on the national government’s budget to a very great extent. As a promising industry, LED has developed a complete industrial chain on a global scale. From the statistics above, it is not difficult to see that the development of China’s LED industry is faster than any other areas in the world.