The report also detailed that fierce competition in the market has resulted in a further decrease in product price
(PRWEB UK) 18 March 2013
It has been reported in Ledinside.com that the industry is expected to achieve a market value increase of 46% to £1,658 million this year. This growth is largely attributed to the actions of a number of Asian countries such as China, Japan and Thaiwan. Streetlight replacements in Russian, Thailand and Africa are also expected to be installed in 2014, further contributing to this rise. China in particular is largely responsible for the growth during the past year, accounting for 30% of global installation.
Simple Lighting is best known for offering its customers one of the best selections of home and outdoor LED lighting online. Their outdoor collection consists of a varied range of decking lights, patio lights, pathway lights, walkover lights and wall lights. Naturally, the team were excited to hear of such an optimistic report into the future of outdoor LED lighting. A representative from the firm shares their thoughts on the subject.
“More and more individuals, countries and organisations are recognising the financial benefits of LEDs. Governments are also under increasing pressure to become more environmentally friendly, which makes the switch even more ideal.
“At Simple Lighting, our collection of outdoor LED lights are perfect for garden lighting, providing high quality lighting that is also water resistant and highly durable. It is thanks to properties like these that LEDs are becoming more popular. It will be interesting to see whether the industry lives up to the expectations outlined in the report.”
The report also detailed that fierce competition in the market has resulted in a further decrease in product price and that shipments are mostly from large manufacturers, however, there are still a number of new manufacturers still entering the market.
Established in 2009, Simple Lighting Company aims to provide high quality lighting at some of the most competitive prices on the web. The company has grown considerably in recent years and supplies over 4000 products, specialising in LED lighting, LED tape, LED strip lights as well as indoor and outdoor lighting. Simple Lighting Company considers customer service its priority, regularly adding new products to the website.