Under the government’s efforts to educate and promote energy conservation policies, most people are more willing to purchase Professional Wholesale LED lighting in Europe, the United States, Japan, and other countries that have previously paid attention to green energy issues. This means that the penetration rate is much higher than in the global market. Japan is one of the fastest-growing Professional Wholesale LED lighting markets in the world, with a penetration rate of over 85% in the domestic market, according to statistics. Further, the Japanese government intends to achieve the 2020 lighting standard for all residential buildings by the end of 2020. the purpose of Professional Wholesale LED lighting.
Professional Wholesale LED lighting is the focus of the European and American markets.
According to the Osram annual survey report for 2015, approximately 66% of American households have purchased Professional Wholesale LED lighting, and the majority of customers have indicated that they will continue to purchase related products in the future. This is the case in the US market. As a result, most experts believe that overall shipments of Professional Wholesale LED lighting will surpass those of traditional energy-saving bulbs in recent years, despite the fact that LED lamp sales are still less than half of those of traditional energy-saving bulbs. This is due to the fact that LED lamp prices have fallen. The state governments of the United States are also quickly introducing LED lighting. For instance, in order to cut down on its use of natural energy, Binghamton, New York, is planning to spend $4 million replacing 7,000 conventional street lights with LED ones by the beginning of 2016.
The LED industry is vying for a new market that has phenomenal economic growth in comparison to advanced nations. In 2015, the lighting market in Southeast Asia was worth US$4.8 billion, with approximately US$1.5 billion going to LED lighting. The average growth rate in recent years has reached more than 30%, making it the most developed Potential area in the world, especially as a result of the government’s vigorous promotion of public construction and policy subsidies. For instance, the Indian government intends to purchase as many as 770 million LED bulbs by 2018, switch out street lights in 100 cities with LED lamps to reduce the electrical load by 20,000 megawatts, and encourage international lighting manufacturers to form joint ventures with Indian lighting plants.
It is important to note that after the ASEAN Economic Community is officially established, all Member States will use the same set of inspection standards for electronic equipment. This means that electronic products can only be sold in the ASEAN Economic Community if they have safety certification from a Member State. This makes it much easier for international lighting manufacturers to get into the Southeast Asian market and gives Taiwanese LED lighting manufacturers a great chance to grow their export markets.
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