LED lamp manufacturers market analysis in Europe and America

     Since 2014, European and American countries have begun to phase out 40-60W incandescent light bulbs in the civilian market, providing a favorable opportunity for the popularization of LED lamps. This will also stimulate the development of the global LED lamp manufacturers market, and further expand the use of LED lights. The government of the United States to support efforts for LED lighting is gradually increasing, the number of lamps and lanterns subsidies increased rapidly, prompting LED lamps prices further reduced. CREE and other manufacturers have been optimistic about the development of LED lighting market, and expected LED lamps and lanterns sales growth will become the next focus of business growth.
     While the market is relatively mature in Europe, although not seen large-scale subsidy policy, but its high electricity price and cultural differences, so that the demand for commercial lighting and outdoor building scene lighting continued to exist. And in the next few years, due to the impact of a comprehensive ban on the use of incandescent lamp, LED bulb manufacturers market are expected to continue to show a steady growth trend.

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