Market of LED lights keeps expanding
The highly quality of LED light offers advantages in multiple applications where brightness with safety and security is needed.
As LED light bulbs consume less energy, they are more environment-friendly than traditional incandescent bulbs. LEDs require only about 8-12 watts of power while incandescent bulbs usually require 60 watts. Much lower power consumption and a consequent decline in the cost is a significant advantage when lighting people’s houses or offices, especially in commercial buildings where a large portion of energy consumption comes from lighting.
LED lights also have much longer service life, along with their lower maintenance costs, which ensure that the higher upfront investment in them can get satisfactory compensation from their services.
Currently, LED lights occupy 18% of the $66 billion global lighting market. According to industry data, this share of LEDs is expected to rise to 70% by 2020, when the global lighting market is forecast to reach about $100 billion. So it is obvious that the market of led candle bulb will accordingly expand with their high quality of light, reduced energy consumption and higher return on investment.