2016-07-28

LEDinside:US$16.4 Billion Market Scale in Specialty Commercial Lighting Market in 2020

Plant Growth Lighting: LED has a promising prospect for the plant lighting market. The expected market scale is going to increase rapidly. The market scale in 2016 is about USD 575 million and LEDinside estimates it will increase to USD 1.424 billion in 2020.   Surgical Lighting: in 2016, The global medical surgical lamps market scale gradually increased from USD 612 million in 2016 to 787 million in 2020.   Marine Lighting: According to LEDinside estimates, in 2016, global LED marine market scale is USD 233 million. Compared with general lighting, since there are strict laws and regulations for lamps in the ships, they have a higher and relatively steady price. The global shipping industry faces the pressure of overcapacity, so the number of newly increased ships is limited. In addition, the usage period of marine lighting lamps is long, so LED marine lighting increasing momentum is mainly from the replacement needs. To sum up, LED marine lighting is a kind of specialty lighting application with steady production value as well as high profits.   Harbour Lighting: According to LEDinside estimates, in 2016, the global LED harbor lighting market scale is USD 587 million. For harbor lighting puts forward strict requirements for environment, lighting must have the high protective grade and erecting height. Most harbor lighting lamps adopt high-power LED lighting lamps to replace HID lamps. Their price and specification are much higher than that of traditional lamps. But since the number of harbors is relatively fixed, LED harbor lighting increasing momentum is mainly from the replacement needs. To sum up, LED harbor lighting is a kind of specialty lighting application with steady production value as well as high profits.   Smart Lighting: The global smart lighting market scale in 2015 is estimated to be USD 1.716 billion, although the LED lighting lamps entered the age of low cost, the smart lighting market has not matured and scale effects has not formed, the relevant software and hardware are costly, therefore, the current smart lighting market is small, however, with the maturing of technology and products in future, the active promotion by manufacturers and the popularization of smart lighting related concepts, the market will grow continuously, expected to reach USD 13.427 billion in 2020.
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