Get To Know These LED Market Trends
It was the goal of most LED lighting companies and the overall LED lighting market to educate the lighting consumers of the benefits and the advantages of LEDs as compared to other lighting choices in the market.
After several years passed and we can see major milestones that are accomplished by the LED industry, with recognition of its importance by the general public, and thus reaching around 30 billion dollars of market all over the world. Nowadays, there is another challenge that the LED lighting industry is trying to accomplished and this would be to create trends in the market.
More manufacturers today are joining the bandwagon in the LED industry, and for the generic fixtures and lights like bulbs, panels and tubes, the market has become saturated that prices have gone down and price wars are taking place. And so, for a manufacturer to be ahead in the LED community, it has to consider a shift in the design aspect of the LED products.
And so, in order to bring in more profits, in our era today, we will see LED manufacturers to be providing customized products in niche industries like in interior decor, hotels, parking lots, and others.
One customization option that we can expect to be develop this year is the use of innovative designs, thus allowing different manufacturers in the LED industry to distinguish one from the other. A LED company therefore will be able to set its own pricing once the LED fixtures are customized and branded as its design.
Manufacturers are well aware that many things have still to be done to make successful innovations that would spell success and profitability of the LED lighting business. A couple of LED manufacturers have recognized these challenges that led them to develop smart lighting start up with LED systems termed as TVilight.
Another example of a bullish creation is in a Dutch city which was able to install a smart LED system that can determine how busy a street is and thus can produce enough lighting for the commuters. With this system, they can illuminate pathways that are busy and when the pathways are empty, it will switch off. This is the TVilight system that proved successful and is further studied to be integrated in countries all over Europe.
Integrating the LED systems in the internet world is also being accepted as a challenge and manufacturers are starting to study this possibility. The domestic market will also be penetrated with the LED system’s integration with the home automation system.
The competition has led several manufacturers to focus on the LED applications in the non-visible light spectrum like the use of UVs.
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