The LED lighting industry is highly competitive, being composed by many start-up companies. When the technology will mature, the industry will consolidate. The active involvement of governments is a key factor, as they pass favorable legislation and create incentive programs to encourage LED lighting purchase and development.
Government and industry players will establish LED specific standards, helping to raise quality, standards and guaranties, as the consumers become more aware about LEDs and energy savings. Price-wise competition and innovation are very strong as brands try to differentiate themselves and to gain advantages in local markets.
Great growth potential is seen in green technology today. Especially in the construction and property development sectors, where demand for energy efficient product will grow between 10% and 20% in 2011-2012.
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