Get To Know These LED Market Trends
It is the education of the public, about the benefits of LEDs and how this new technology has surpassed other lighting options in comparison, that was the aim of most LED lighting companies and the whole LED lighting market in general.
The LED industry was able to accomplish major accomplishments for the past years, successfully being recognized as a leader in the lighting industry and getting around 30 billion dollars of global market for the LED products. 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.
There are now several generic fixtures and lights in the LED lighting market such as bulbs, panels and tubes, that have become saturated with more manufacturers joining the LED bandwagon, and this leads to 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.
The year 2017 would bring in signs that LED manufacturers would be developing customized products for specific industries that will bring them more profits, and these are in the areas of interior decor, hotels, bars, parking lots, outdoor areas and others.
One customization option that we can expect to be develop this year is the use of innovative designs, thus allowing different manufacturers in the LED industry to distinguish one from 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.
Manufacturers are well aware that many things have still to be done to make successful innovations that would spell success and profitability of the LED lighting business. A couple of LED manufacturers have recognized these challenges that led them to develop smart lighting start up with LED systems termed as TVilight.
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. Busy pathways can be illuminated through this system and can be switched off too once the pathways are detected to be empty. 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.
The LED industry has also accepted the challenge of integrating its system in the internet world. Also, in the home automation system, applications can be integrated with the LED systems for a breakthrough in the domestic consumer space.
The use of UVs as an application in the non-visible light spectrum has led manufacturers in the competition world.
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