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Some Information about LED Lighting 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.

Today, after many years of major milestones, the LED industry has made known its importance that lead to a LED global market of approximately 30 billion dollars market. 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.

More manufacturers today are joining the bandwagon in the LED industry, and for the generic fixtures and lights like bulbs, panels and tubes, the market has become saturated that prices have gone down and price wars are taking place. 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. Through this customization of LED fixtures, a LED company will be able to set its own pricing for their own product designs.

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. 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.

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. The success of this TVilight system has led to a possible integration of the smart LED system all over countries in Europe.

Even in the age of internet technology, the LED industry has accepted the challenge of integrating LED systems. Also, in the home automation system, applications can be integrated with the LED systems for a breakthrough in the domestic consumer space.

Further in the competing world, the LED community has led manufacturers to concentrate on LED applicatons where the non-visible light spectrum is involved.