Among main lighting markets around the world , Japan will remain as the largest LED lighting market with a global share of 25.6% in 2014, down 3.4pp on year, according to Digitimes Research.
North America will be the second-largest market accounting for 23.1% of global LED lighting in 2014, followed by Europe with 20.3% and China with 16%, Digitimes Research indicated.
However, Japan will see the lowest on-year growth, at 22%, in LED lighting market value in 2014 because its LED penetration of lighting is expected to rise to 65.5% in the year, while the growth will be 46% for North America, 40% for Europe and 47% for China.
Content from this blog post was provided by the Digitimes Research Tracking team, which focuses on shipment data and market trends in the global mobile device supply chain. Digitimes Research provides quarterly tracking services for market sectors such as Global Tablet, China Smartphone, China Smartphone AP, China Touch Panel, Taiwan ICT and Taiwan FPD. Click here for more information about Digitimes Research Tracking services.