Global LED PCB lighting market value in 2016 estimated at US$34.

Global LED pcb lighting market value in 2016 will reach an estimated US$34.64 billion, accounting for 31.3% of total lighting market value, rising 4.1pp on year, according to Digitimes Research.

In terms of global market value, LED light bulbs will account for 28.2% of all types of light bulbs (penetration) in 2016 and the penetration will be 32.8% for LED projection lamps, and 17.3% for LED light tubes, Digitimes Research indicated.

52.3% of LED light tubes in 2016 will have luminous efficiency of 100lm/W or above, while average retail pricing for a 4-foot T8 LED light tube will drop 37.6% on year to US$11.8. Consequently, there will be 693 million LED light tubes shipped globally in 2016, hiking 45.9% on year.

LED PCB projection lamps are mainly used in retail, hospitals, exhibition centers, transportation and indoor public spaces. There will be 1.476 billion LED projection lamps shipped globally in 2016, growing 42.6% on year.

There will be 10.043 million LED street lamps installed globally in 2016, increasing 13.5% on year.

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