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.
This article is an excerpt from a Chinese-language Digitimes Research report. Click here if you are interested in receiving more information about the content and price of a translated version of the full report.