According to a survey of Russian LED lamps market launched by Express Review, the Russian LED lighting market has more than doubled in the past three years. The factors driving market growth are not only the increase in imports of LED lamps, but also the growth of domestic production.
According to the National Bureau of Statistics of the Russian Federation, the output of LED lamps increased by nearly 1.5 times in 2012. According to the plan, new LED lamp production capacity will be built in the next few years, and it is expected that the production of LED lamps in Russia will continue to grow.
Regarding the import of LED lamps, according to the conditions of Russia's accession to the WTO, the tariffs on LED lamps will be reduced year by year, and by 2015 will be zero tariffs. This will not only reduce the average price of imported LED lamps, but will also lead to an increase in imports. However, analysts at the Express Review Company estimate that despite the increase in Russian domestic production, the import dependence of the LED lighting market will gradually decrease.
Experts from the quick review company predict that in the next few years, with the increase in the popularity of LED lamps, the market will continue to maintain a high growth rate in real terms. On the contrary, the average market price will fall, resulting in value. The market growth rate indicated will be lower.
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