The global high brightness LED market scale reached US $14.4 billion this year and is estimated to increase to US $16.6 billion by 2018, with a compound growth rate of 4%, according to “2014 LED Supply and Demand Data Base” by LEDinside, a LED research division of TrendForce. The LED package market value for lighting applications will reach US $4.88 billion and maintain market share of 34%. 

 Retailers in Brazil have chosen a low-cost, modular style design using 48V mid-power LEDs from Philips Lumileds that accompanies the country’s line voltage—delivering the required lumen output using up to 5 LEDs per module for over 30 different commercial fixtures