Global market demand for LED lighting in 2015 is valued at US$29.90 billion, consisting of US$5.750 billion for Europe, US$5.624 billion for the US, US$5.078 billion for Japan, US$4.568 billion for China, US$1.237 billion for Russia and US$822 million for India, according to Digitimes Research.
On-year growth in 2015 LED lighting market value will be 38.0% for Europe, 33.1% for the US, 13.2% for Japan, 46.5% for China, 26.9% for Russia and 34.1% for India, Digitimes Research indicated.
The Japan market will have the highest LED lighting penetration (LED lighting value as a proportion of total value for all lighting products) of 78.6% in 2015, followed by the US market with 28.7%, the Russia market with 27.5%, the Europe market with 26.3%, the China market with 24.7% and the India market with 24.4%.
Content from this blog post was provided by the Digitimes Research Tracking team, which focuses on shipment data and market trends in the global mobile device supply chain. Digitimes Research provides quarterly tracking services for market sectors such as Global Tablet, China Smartphone, China Smartphone AP, China Touch Panel, Taiwan ICT and Taiwan FPD. Click here for more information about Digitimes Research Tracking services.
