Memoori said that consumers’ understanding of LED lighting is confusing, and product prices will slowly decline or even be lower than the growth rate of global GDP in 2013, which will make the overall revenue of the LED lighting industry in 2013 unsatisfactory. However, with steady growth in global demand, concerns about overcapacity are expected to ease by the end of 2014.
As the demand for LED lighting heats up, major manufacturers such as Philips, OSRAM, CREE, Acuity and GE, which play an important role in the global lighting market, have formulated their development strategies. They will gain more and more business that will benefit from LED, rather than traditional lighting technology.
Memoori reminds that although the development prospects of LED are bright in the medium term, what changes will happen to the LED industry after 2020 when the replacement market demand is basically saturated? What's more, when the market share of LED lighting reaches 70-80% and the replacement cycle of lamps is extended, the LED industry will face new choices.
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