Global LED bulb shipments will reach $864 million in 2015

March 30 14:23:01, 2023

Annual shipments of OFweeLED bulbs and modules will increase from $864 million in 2015 to $4.1 billion in 2024. The company's "LED Lighting: Global Outlook" report analyzes the LED bulb and module market in all major space lighting areas worldwide. Jesse Ford, a senior researcher at Feiren, said: Early users were attracted by certain features of LED lighting, such as higher efficiency, better work in cold environments, better control, and more. In contrast, the main reason for accepting LEDs is that LEDs are energy-saving and the initial cost increases are not much. According to the report, the world is demanding restrictions on the use of incandescent lamps and the minimum efficiency rating of the bulbs, while Europe is likely to lead in residential energy efficiency. In North America, the Energy Independence and Security Act requires lighting bulbs to be no less than 25 efficient, and will be fully implemented in phases from 2012 to 2014, while Canada is not far behind. Due to the laws of physics, it is impossible for manufacturers to design bulbs with the same efficiency as fluorescent lamps or LEDs.
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