It is reported that European traditional lighting manufacturers are now actively developing LED lamps, and have established close relationships with local architects, designers and global distributors to undertake lighting projects in Europe. It is expected that the European LED lighting market will grow to 3.01 billion in 2012. The US dollar has become an important market worth developing.
According to statistics, in the European countries, the LED lighting market in Europe has exceeded 2.08 billion US dollars in 2011 due to the policy impact of the implementation of the ban on the implementation of high-watt incandescent lamps in some European countries. At the same time, in the next few years, due to the 2012 EU policy on the total ban on the sale of incandescent light bulbs, the market growth rate is expected to rise sharply. The industry estimates that European LED lighting will reach the level of 10 billion US dollars by 2015, between 2011 and 2015. The annual compound growth rate is estimated to be about 38%, which will be the next fast-growing mature market for LED lighting after the Japanese market.
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