What Do You Know about the Trends in the LED Lighting Market
It was the goal of most LED lighting companies and the overall LED lighting market to educate the lighting consumers of the benefits and the advantages of LEDs as compared to other lighting choices in the market.
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. Nowadays, there is another challenge that the LED lighting industry is trying to accomplished and this would be to create trends in the market.
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. Therefore, the perspective now of LED manufacturers is to go into the design perspective in order to be a standout in the industry.
Today, we would be expecting LED manufacturers to offer customized products for some specific industries, like hotels, bars, parking lots, interior decor, outdoors and so on, in order to obtain more profits.
The immediate option to customize a product for a certain customer would be the use of innovative designs that will make the LED industry different from each 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.
A testament to a bullish invention is in the city of Eindhoven,that in order to provide enough lighting for the commuters, they installed a smart LED system that can determine how busy a street is. 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.
The LED industry has also accepted the challenge of integrating its system in the internet world. Applications in the LED system for the home automation system will create a breakthrough in the domestic market.
Further in the competing world, the LED community has led manufacturers to concentrate on LED applicatons where the non-visible light spectrum is involved.