Russia's LED lighting market growth rate of 28% -48% per year

According to the Russian business consulting website reported on August 10, the data of the "all-round LED product production business plan" launched by professional marketing analysis company shows that the proportion of Russian LED lighting continues to grow.

In the long-term prospect, the Russian LED lighting market will have a global share of 1% to 5%. The growth rate of the Russian LED lighting market will reach 28% - 48% per year. By 2014, the popularity of LED retrofits will exceed 300 million and will grow further, mainly due to energy efficiency and optimization of electricity expenditure. The current potential of the Russian lighting equipment market is 560 million euros, and 110 billion LED lights are needed to replace all of Russia's light sources, more than half of which will be used in commercial and consumer sectors.

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