Some Information about LED Lighting Market Trends
Several years ago, most of the LED lighting companies and the whole LED lighting market was concentrating on public education about the advantages of LEDs and how they are better than other lighting options.
Today, after many years of major milestones, the LED industry has made known its importance that lead to a LED global market of approximately 30 billion dollars market. Today, there are several challenges that the LED lighting industry are trying to develop in terms of creating market trends of this product.
More manufacturers today are joining the bandwagon in the LED industry, and for the generic fixtures and lights like bulbs, panels and tubes, the market has become saturated that prices have gone down and price wars are taking place. So, in order for a LED manufacturer to standout in the LED industry, it is now considering a shift into the design perspective of the LED products.
The year 2017 would bring in signs that LED manufacturers would be developing customized products for specific industries that will bring them more profits, and these are in the areas of interior decor, hotels, bars, parking lots, outdoor areas and others.
The use of innovative designs is one customization option that is believed to be more prominent this year, and this will make manufacturers in the LED industry be different from one company to the other. A LED company therefore will be able to set its own pricing once the LED fixtures are customized and branded as its design.
In order to achieve profitability, manufacturers of LED products know that they have to conduct successful innovations. A couple of LED manufacturers have recognized these challenges that led them to develop smart lighting start up with LED systems termed as TVilight.
Another example of a bullish creation is in a Dutch city which was able to install a smart LED system that can determine how busy a street is and thus can produce enough lighting for the commuters. Busy pathways can be illuminated through this system and can be switched off too once the pathways are detected to be empty. With the success that this system called TVilight has proven, this smart LED system is being considered for integration in the whole countries in Europe.
Integrating the LED systems in the internet world is also being accepted as a challenge and manufacturers are starting to study this possibility. Applications in the LED system for the home automation system will create a breakthrough in the domestic market.
The use of UVs as an application in the non-visible light spectrum has led manufacturers in the competition world.
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