According to global market research firm, TrendForce 's Green Energy Division LEDinside latest market report, the global LED lighting penetration rate are increasing rapidly , in 2014 the estimated market value of up to $ 17.8 billion , the overall number of shipments of LED lighting products 1320000000 , compared with 2013 growth of 68%.LEDinside said that the global LED lighting products replace the tide from the rapid price decrease , of which the most obvious alternative source products , bulb and lamp are most welcomed by the market replacement lamp types, accounting for 2013 of LED lighting products 38% and 25%. In addition, the integrated LED lighting product types future demand will gradually rise , especially in conjunction with the application of intelligent lighting products , it is expected that in 2014 the proportion of LED lighting products will be expected to increase year by year . Among the regional markets LED lighting , LED lighting for the North American market to support government efforts are gradually increasing, the U.S. Energy Star (EnergyStar) plan for lighting products such as the number of subsidies growing rapidly, prompting further reduce the price of LED lighting products . Cree and other manufacturers are optimistic about the development of LED lighting market in 2014 , and is expected to replace the growth of sales of lighting products will become the next focus . LEDinside data show that in 2014 the amount of LED lighting products in North America is expected to reach 72% growth rate .In addition, Latin American countries such as Brazil , LED lighting market is showing rapid growth , with an estimated growth rate of consumption of LED lighting products reached 64 %, especially LED grow the most significant commercial market . Belong to the mature markets of Europe , although did not see the massive subsidies, but its high price and the light of cultural differences , making situational commercial lighting and outdoor architectural lighting applications demand persists , the next few years as the incandescent light bulb ban policies affect the fermentation , estimated the market will continue to show steady growth trend, in 2014 the growth rate of consumption of LED lighting products is expected to reach 69%.
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