In next ten years, strategic emerging industries will grow with a rate of 27% compounded annually. It is estimated that around the year 2015, LED will dominate 20% of lighting market, driving industrial-scale to 500 billion. As the pacesetter of strategic emerging industries of Chinese LED, Guangdong Province leads the country in LED industry from aspects of scale, technology or the popularity. Guangzhou International Lighting Exhibition, the biggest lighting specialty exhibition of the world, has been the weathervane of industry development.

             Observing Guangzhou International Lighting Exhibition this year, the market has urgent needs in high quality, cost-effective lighting products. Many in the industry conclude that tackling core technology will become a significant factor in boosting LED illumination’s prevalence. LED lighting market in the further will replace primarily traditional lighting market within two or three years, focusing on make better use of the advantages and specialities of LED illumination. This trend is increasingly obvious and from this year on LED in lighting application will experience explosive growth with more and more promising market. 

(from ledinside.com)