2016 US Lighting Market Development Trend Analysis

It is predicted that the U.S. lamp market will reach 25 billion U.S. dollars in 2016. It is expected that the demand for lighting fixtures in the United States will increase by 7.4% per year and reach US$25.1 billion by 2016.

The commercialization of LED lighting has a major impact on the industry, with LED's having a longer life and more energy efficiency, but currently only a small share of demand. It is expected that by the year 2016, the demand for LED-based lighting fixtures will have particularly strong growth, and the pace of rapid LED light source technological progress will also make them more energy-efficient, brighter, and more affordable. In addition, lighting fixture manufacturers are also developing LED-specific devices to optimize their performance.

Lighting products include non-portable and portable devices, as well as separately sold parts and accessories, such as aftermarket ballasts, accessories, switches, etc. The demand for lamps is mainly non-portable devices, accounting for the total lighting needs in 2011 Nearly two-thirds. Non-portable lamps are mainly derived from the extensive use of all-round construction and vehicle applications. It is expected that by 2016, the demand for non-portable devices is expected to increase in the future, thanks to the full launch of construction activities and the increase in vehicle demand. It is expected that the demand for non-portable luminaires will almost double between 2011 and 2016. Looking at the major market segments, lighting products with reduced energy consumption will have the best growth prospects. This can be largely attributed to the demand for energy-efficient lighting products in the Energy Independence and Security Act proposed in 2007: regulations that limit the sale of incandescent lamps. These regulations will strive to promote the demand for fluorescent lamps, halogen lamps, high-intensity discharge lighting fixtures, and LED light sources.