What Do You Know about the Trends in the LED Lighting Market
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. Nowadays, there is another challenge that the LED lighting industry is trying to accomplished and this would be to create trends in the market.
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.
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.
In order to achieve profitability, manufacturers of LED products know that they have to conduct successful innovations. 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. 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.
Further in the competing world, the LED community has led manufacturers to concentrate on LED applicatons where the non-visible light spectrum is involved.