Get To Know These LED Market Trends
Several years ago, most of the LED lighting companies and the whole LED lighting market was concentrating on public education about the advantages of LEDs and how they are better than other lighting options.
After several years passed and we can see major milestones that are accomplished by the LED industry, with recognition of its importance by the general public, and thus reaching around 30 billion dollars of market all over the world. In our modern times today, LED lighting is facing a different challenge and that is to be able to create market trends in the lighting business.
The generic fixtures and lights like bulbs, panels and tubes of the LED lighting market have become saturated since more and more manufacturers are joining the LED revolution creating a price war in the industry. And so, for a manufacturer to be ahead in the LED community, it has to consider a shift in the design aspect of the LED products.
And so, in order to bring in more profits, in our era today, we will see LED manufacturers to be providing customized products in niche industries like in interior decor, hotels, parking lots, and others.
The use of innovative designs is one customization option that is believed to be more prominent this year, and this will make manufacturers in the LED industry be different from one company to the other. A LED company therefore will be able to set its own pricing once the LED fixtures are customized and branded as its design.
The success and profitability of the LED lighting companies would depend on their great efforts to be successful in their innovations, and the companies are well aware of this challenge. Some manufacturers have recognized these challenges and some of them were bullish with their developments leading to the creation of a smart lighting start up called TVilight with a LED system.
Another example of a bullish creation is in a Dutch city which was able to install a smart LED system that can determine how busy a street is and thus can produce enough lighting for the commuters. With this system, they can illuminate pathways that are busy and when the pathways are empty, it will switch off. With the success that this system called TVilight has proven, this smart LED system is being considered for integration in the whole countries in Europe.
Integrating the LED systems in the internet world is also being accepted as a challenge and manufacturers are starting to study this possibility. The domestic market will also be penetrated with the LED system’s integration with the home automation system.
The use of UVs as an application in the non-visible light spectrum has led manufacturers in the competition world.