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The LED Global Market

Where does the United States rank when it comes to the LED lighting global market? Europe ranks first with 23%, China is second with 21%, and the U.S. ranks third with 19% of the market.

Interestingly enough, while Europe has higher electricity rates than does China or the United States, their utility suppliers lack large-scale subsidies to defray the high LED lighting start-up cost. China’s lighting cost, on the other hand, is lower than in other parts of the world due mainly to them having the largest manufacturing base of LED lighting producers in the world. In the United States where lighting costs are becoming lower, the LED industry continues striving in obtaining certification from the US Environmental Protection Agency Energy Star and the DesignLights Consortium. Firms that receive these certifications will then be eligible for subsidies from local utility providers.

Here is how the rest of the world stacks up in the LED market:

Asia Pacific – 13%; Japan – 9%; Latin America – 8%; the Middle East & Africa – 7%

Since electrical rates were mentioned above, it may be interesting to note that the cost (in US dollars) of electricity in Europe ranges from 19 to 41 cents per kWh (kilowatt hour). In China, the cost of electricity is 8 cents per kWh, and in the United States, the cost is 12 cents per kWh.


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