LED lighting is an energy saving lighting emitted by LED. For installation, it has new and retrofit type. For product type, it has A-type, T-Type, decorative, directional). There are three channels for LED lighting, which are E-commerce, Direct and retail). From application, it has residential, commercial, industrial.
Based on the sustainable energy saving policy advocated by different country government, LED lighting market will reach $ 124.7 billion. To 2027.
Energy efficiency has already become the major programme of many countries. Governments such as US, Canada, Mexico have always been promoting the green environment .
European countries promote green energy also.
The governments of China, India, Japan and South Korean are also supporting eco-friendly measures to reduce energy consumption. Key factors contributing to the growth of LED lighting market in Asia include the rising demand for LED lighting solutions in major economies such as China. India, Japan, Australia and South Korea.
Generally, LED lighting is still a new green eco-friendly lighting luminaire. competition is fierce, but market is still large also. So find out unique and specific application for LED lighting is critical and will bring more business chance. In addition, enhance the existing fixed sales channel is quite important for sustainable business growth.
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