The government fully guided the development of LED lamps into the market in the coming years

According to Global Times, Australia has already begun to use LED energy-saving lamps to replace traditional fluorescent lamps and is expected to be launched nationwide in the next few years. Therefore, the LED market will develop rapidly in the next few years. LED has been widely used in landscape lighting, outdoor lighting, and decorative lighting, and general lighting is the future of LED industry. In addition, due to the shadow of the energy crisis, the world has stepped into the “energy-saving era”. Countries are actively adopting legislation and government guidance to rapidly replace incandescent lamps with LED lamps. The demand for LED lighting market is promising.

According to the IEK report of Taiwan's Industrial Technology Research Institute, due to high LED prices, unresolved industrial standards, and technical issues such as light shape, longevity, and reliability, the global LED lighting industry market in 2007 was only US$ 330 million. One of the major sources is architectural lighting, which accounts for about 45% of the overall market. It is estimated that the market size will reach 1.6 billion U.S. dollars by 2012 and the compound growth rate will be 37% from 2007 to 2012.