Zhongshan Epistar Electronic Lighting Co.,Ltd Updated: Dec 29, 2016 P&S according to market research firm Market Research Statistics, global lighting and control market is expected to be US $22.11 billion from 2014 to 2020 $59.1881 billion, a compound annual growth rate of 17.8%. Declining average selling prices of LED bulbs-led global intelligent lighting and control market growth. LED lights than any other traditional lighting used in much cheaper. LED light improves lighting brightness and lower power consumption, reduced production costs. LED lamp average prices have been falling, LED bulb permeability is increased, further accelerating the growth of intelligent lighting and control market.

As energy conservation and environmental protection more and more attention, inefficient light source will be eliminated, and encourage the use of efficient light source has become the core part of many national lighting policies in the world.Many countries have developed a roadmap for the elimination of incandescent light bulbs, and phase-out the production and sale of incandescent lamps.As energy conservation and environmental protection more and more attention, inefficient light source will be eliminated, and encourage the use of efficient light source has become the core part of many national lighting policies in the world.Many countries have developed a roadmap for the elimination of incandescent light bulbs, and phase-out the production and sale of incandescent lamps.

Zhongshan Epistar Electronic Lighting Co.,Ltd Updated: Apr 01, 2017 LED lights is the most significant development in electric light technology since the invention of electric light well over a century ago. The lighting industry is in the midst of a seismic shift towards LED products. According to a U.S. Research, despite the ongoing decline in housing and non-residential construction, the demand for LED products continues to increase double digits year-over-year. More importantly, the mandated phase out of incandescent light bulbs begins in 2012, a catalyst that should significantly boost demand for LEDs.