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Get To Know These LED Market Trends

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. Today, there are several challenges that the LED lighting industry are trying to develop in terms of creating market trends of this product.

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. Therefore, the perspective now of LED manufacturers is to go into the design perspective in order to be a standout in the industry.

The year 2017 would bring in signs that LED manufacturers would be developing customized products for specific industries that will bring them more profits, and these are in the areas of interior decor, hotels, bars, parking lots, outdoor areas and others.

The use of innovative designs is one customization option that is believed to be more prominent this year, and this will make manufacturers in the LED industry be different from one company to the other. With customization of LED fixtures, a manufacturer will have its own leeway in setting prices for their LED products.

In order to achieve profitability, manufacturers of LED products know that they have to conduct successful innovations. There is a couple of LED manufacturers who took the challenge by the horns leading them to develop the TVilight, which is smart lighting start up using LED systems.

An example of a creative innovation is in the city of Eindhoven where a smart LED system is installed with the ability to determine how busy streets are and thus provide adequate lighting for the riding public. Busy pathways can be illuminated through this system and can be switched off too once the pathways are detected to be empty. The success of this TVilight system has led to a possible integration of the smart LED system all over 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. Applications in the LED system for the home automation system will create a breakthrough in the domestic market.

The competition has led several manufacturers to focus on the LED applications in the non-visible light spectrum like the use of UVs.