According to Digitimes research, the global LED lighting market value in 2015 is estimated to be US$29.908 billion, up 24.8% year-on-year, accounting for approximately 27.2% of the global market for all lighting products in 2015. According to the Digitimes Research report, the LED lighting market reached US$30 billion in 2015, of which US$4.57 billion was in China, with a growth rate of 46.5, accounting for 24.7% of the overall lighting market, while Japan had the highest ratio of 78.6. The LED market is currently giving birth to great opportunities, and business opportunities for Chinese lighting companies are limitless. Digitimes research shows that LED lighting products are divided into four categories: LED bulbs, tubes, spotlights and street lamps. In 2015, there will be 1.81 billion LED bulb shipments worldwide, an increase of 59.9 compared with the same period, and accounting for 13.9 of all bulb shipments in 2015. In 2015, global LED tube shipments will reach 520 million, an increase of 58.5 over the same period, and accounted for 13% of global lamp shipments. In 2015, global LED spotlight shipments will reach 1.035 billion, an increase of 56.3 compared with the same period, and the penetration rate will be 23. In 2015, global LED street lamp shipments were 9.43 million, an increase of 30.1 over the same period, and accounted for 11% of global street lamp shipments.
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