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Lighting industry trends 2023

Lighting Industry Trends more intelligent, environmentally friendly, LED and intelligent lighting is the future growth point, solar energy will be more widely used.
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2023 Lighting industry trends, As technology continues to advance and market demand changes, the lighting industry is also evolving and changing. The future of the lighting industry will face many challenges and opportunities.

The following are the trends in the development of the lighting industry in 2023:

1. Technology trends

  • LED lighting technology will continue to lead the market

    According to market research firms, the LED lighting market will reach $122 billion in 2023, an increase of 47.3% compared to 2018. LED lighting technology will continue to lead the market and become the dominant technology in the future lighting industry.

  • Smart lighting will become a new growth point

    As the smart home market continues to grow, smart lighting will also become a new growth point for the lighting industry in the future. Smart lighting can achieve intelligent control and management of lighting systems through technologies such as smart devices, sensors and the Internet, thereby improving the efficiency and comfort of lighting. According to market research institutions, the market size of intelligent lighting will reach $11.8 billion in 2023.

  • OLED lighting technology will gradually mature

    OLED (Organic Light Emitting Diode) lighting technology is an emerging lighting technology with uniform, soft and natural light effect. It is expected that by 2023, OLED lighting technology will gradually mature and be more widely used in the high-end commercial and residential lighting market.

2. Lighting industry trends

  • Asia Pacific will become an emerging market in the lighting market

    Asia Pacific is the world’s largest lighting market, but developing countries and emerging markets have greater growth potential. According to market research institutes, by 2023, the Asia-Pacific lighting market size will reach $ 53.7 billion, the highest growth rate. This will bring more opportunities and challenges for the lighting industry.

  • Indoor lighting market will continue to grow

    The indoor lighting market will continue to grow, mainly due to the increasing demand for indoor lighting comfort and efficiency. Meanwhile, with the development of smart home market, smart lighting will become the main growth point of indoor lighting market in the future.

  • Lighting service market will become a new growth point

    In addition to the lighting product market, the lighting service market will also become a new growth point in the future. Lighting services can include lighting design, installation, maintenance and a range of services, which will provide consumers with more comprehensive and professional lighting solutions. According to market research institutions predict that by 2023, the global lighting services market size will reach $ 24 billion.

3. Environmental trends

  • Sustainable development will become the main goal of the lighting industry

    With the increase in awareness of environmental protection, sustainable development has become the main goal of the global lighting industry. In the future, lighting companies will strengthen the research and development and promotion of green products to improve the energy efficiency and environmental performance of products.

  • LED lighting technology will further improve energy efficiency

    LED lighting technology compared to traditional lighting technology has a higher energy efficiency and life, the future will further improve energy efficiency, to achieve more energy efficient and environmentally friendly lighting effect. It is expected that by 2023, the energy efficiency of LED lighting products will be further improved.

  • Solar lighting technology will be more widely used

    Solar lighting technology is an emerging green energy technology, which can be converted from solar energy to electricity through photovoltaic panels to achieve lighting effects. With the maturity of solar lighting technology, it will be more widely used in the field of outdoor lighting, especially in remote areas and inconvenient power supply areas.

Summary

The future of the lighting industry will continue to develop in the direction of more intelligent, environmentally friendly and sustainable. LED lighting technology, intelligent lighting and lighting services market will become the future of the lighting industry’s new growth points. At the same time, with the continuous development of the Asia-Pacific market, the indoor lighting market and solar lighting technology will also be more widely used. Lighting companies need to strengthen technological innovation and green product development to improve the energy efficiency and environmental performance of their products to meet the future development trend of the lighting market.

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