Russia LED Lighting Market will Occupy 1-5% in Global Market

Russian media quoted the data of the "whole series LED production business plan" from a professional marketing analysis company that, LED lighting proportion in the country is also growing as any other cities.

In the long run, the proportion of Russia LED lighting market in the global market will be 1-5% and the growth rate of proportion in the country will reach 28-48% per year. Furthermore, the popularity of LED retrofit will break 300 million, and will continue to grow, mainly thanks to the energy efficiency and the expense of optimized power.

Currently, the potential capacity of lighting equipment in Russia market has reached to 560 million euros ($). It needs 110 billion units LED lamps to replace all light resources in Russia, and more than half of them will be used in commercial and consumption field.

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