Massive Infrastructure Expansion Will Drive High-Power LED Market

The high-power LED market has experienced growth of late. The major drivers behind the growth of the high-power LED industry are the booming automobile sector and government norms, which are prompting the usage of such LEDs for efficiency and energy conservation.

The 3–4.9W category held the largest share in the past, because of the growing need for 3–4.9W LEDs in signs and signals, automobiles, and other lighting applications. In addition, the growing adoption of these lights in outdoor and indoor illumination at residential, industrial, and commercial spaces will help this category grow in the near future.

APAC held the largest revenue share in the past. This was because of the booming demand for environment-friendly and energy-efficient lights on roads, in the railways, and in buildings in Japan, India, and China. For example, in the recent past, the Chinese government has announced plans to spend $120 billion for the construction of railways, which will lead to the heavy usage of these lights, thus contributing toward the growth of the high-power LED market in APAC.

Smart LED lights are trending due to their ability to be controlled by mobile phones from any place, anytime and their energy and cost efficiency. This is also because the smart sensors in the lights assess natural illumination, which helps reduce the consumption of power. People can also change the colors of these lights according to their mood.

As people are leaning more toward eco-friendly lighting systems, the demand for high-power LED lights will grow extensively in the future.