Analysis of the development trend of China’s LED luminaire Market in 2018

Analysis of the development trend of China’s LED luminaire Market in 2018

With the global LED market warming up in 2017, LED enterprises continue to expand production and actively transform, the global production of lamps and lanterns will reach 6.879 billion in 2018, an increase of 12.77% compared with the same period of last year, and there is still a very good growth in a relatively large number of cases.

 

2015-2020 years global LED luminaire scale (million)

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According to the data, the domestic LED lighting penetration rate increased to 42% in 2016, and the data show that the global LED lighting penetration rate reached 31.3% in 2016. According to the latest data, the global penetration of LED lighting is estimated to be about 39% in 2017 and 50% in 2019.

The EU banned halogen point lighting in June 2017 and other halogen lamps in September 2018, which will also promote the rapid development of LED lighting products in Europe. European lighting market is a mature market, but the market potential of commercial lighting, architectural lighting and entertainment lighting is still visible. Major manufacturers in the United States are actively laying out LED lighting business, LED commercial lighting, industrial lighting has developed rapidly, and began to develop to intelligent and optical communications and other new applications.

China is an important LED lighting production base in the world, which produces more than 80% of the LED lighting products in the world. At present, China’s lighting industry due to too many enterprises, the future trend is still mainly integration, on the one hand, the strong merger and reorganization is becoming stronger, on the other hand, the elimination of a number of uncompetitive enterprises. At present, the market demand for building and engineering lighting is still good.


Post time: Sep-18-2018
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