Lighting is a crucial component to life; whether personal or
professional, adequate lighting has shifted from beneficial to essential.
Significant changes have occurred just in the past ten years
with the introduction of LED filaments and the development of violet LEDs. With
many new developments on the horizon, the lighting innovation train doesn’t
seem to be slowing down anytime soon.
So, what is expected for the lighting industry in 2018?
According to a report from LEDinside, the LED market scale
is expected to earn $32.72 billion in the upcoming year. In fact, the LED
lighting penetration of the entire market is expected to grow from 22% to 63%
by the year 2022.
Industrial, architectural, landscape, and commercial lighting
all show signs of continuous improvements and progression in the market. Just
in the last year, the stage lighting market brought in a total of $745 million and
is predicted to continue that growth.
Yet with all these increases, the price of LED
lighting options is actually predicted to decrease. More
and more, individuals and businesses are realizing the benefits of LED: more
efficient, higher color quality, longer lifespans, and easier to use. Because of this, LED products continuing to replace traditional lighting.
Large lighting companies are expected to launch stage
lighting LED products with mono-color and multi-colored lights with high
luminous intensity among other lighting advancements sometime within the next year.
With all the statistics aside, what design elements
are going to be in high-demand this year?
Natural lighting seems to be the big trend for 2018. Fixtures with a nature-inspired, earthly feel will be largely sought after.
Overall, we'd say the status of LED lighting in 2018 is looking pretty bright.
Find more on City Lighting Products' social channels!
(Source: LEDinside, Lux Review, Issuu, and Property24)
