[High-tech LED News] According to a report, sales of LED lighting systems will grow rapidly in the next 10 years, especially after 2015. Shipments of LED lights and fixtures will increase from 66 million in 2011 to 542 million in 2021, an increase of more than 700%.
According to the report, almost all other types of lighting products will decline in sales during the same period, including incandescent lamps, T8/T5 and compact fluorescent lamps.
Some countries in the Asia Pacific region have been pioneers in the energy-efficient lighting system market. Japan revealed more than 10 years ago that it will lead the development of the LED lighting industry through the "21st Century Lighting Project" and will soon launch some LED subsidies and support programs. Taiwan, China has also established the “Next-Generation Light Source Technology Development and Supply Strategyâ€, which encourages people to strengthen the application of LED lighting and materials production, and reduce investment in traditional semiconductor business.
At the same time, mainland China is also vigorously developing the LED lighting market. For example, in the next decade, Shenzhen plans to install LEDs in more than 90% of public lighting applications, street lighting and commercial spaces.
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