GGII: China's LED lighting market will maintain a 15 increase in the next few years

In 2017, the penetration rate of LED lighting will reach about 40, and LED lighting technology will become mature. Compared with developed countries, China's LED lighting enterprises have cost advantages. Compared with other developing countries, China's LED industry chain is complete, so China has become the leading production base for LED lighting products. Through the rapid development in recent ten years, LED lighting products are gradually replacing traditional lighting products and becoming the main force of household, commercial, industrial and outdoor lighting. Due to the rapid improvement of the cost performance of LED lighting products, the penetration rate of LED lighting products is also increasing year by year. In 2017, the penetration rate of LED lighting will reach about 40, and LED lighting technology will become mature. Compared with developed countries, China's LED lighting enterprises have cost advantages. Compared with other developing countries, China's LED industry chain is complete, so China has become the leading production base for LED lighting products. High-tech LED Research Institute (GGII) Data show that in 2017, the output value of LED lighting market reached 536 billion yuan, of which the output value of LED lighting in mainland China reached 296. 9 billion yuan, up nearly year on year, accounting for 55. 40, of which the export scale of LED lighting exceeded 20 billion US dollars, an increase of more than 37 on a year-on-year basis. Considering that the penetration rate of LED lighting still has room to double, GGII expects that, in the next few years, the scale of China's LED lighting market is still expected to maintain a market growth rate of about 15, and the scale of China's LED lighting market will reach 461. 4 billion yuan in 2020. High-tech LED Research Institute (GGII) Based on the actual investigation of downstream lighting enterprises across the country, the '2018 China LED Lighting Industry Research Report' (Seventh edition) The report analyzes and forecasts China's downstream lighting, LED lighting exports, enterprises, industrial policies, investment risks, investment prospects, etc. High-tech LED Research Institute (GGII) It is hoped that through actual investigation and research, accurate and valuable reports will be provided for investors, insiders, securities companies and people who want to know about LED lighting industry.