LED lighting market opens

The policy support of major countries and the reduction of LED cost will definitely promote the outbreak of LED general lighting market. The LED lighting market is a large market with a level of 100 billion yuan, which is expected to maintain a wave of 3-4-year big cycle opportunity. The downstream of LED lighting applications mainly include backlight, landscape display, general lighting (Street lamp, commercial lighting, civil lighting)Wait. General lighting also includes residents, office buildings, shopping malls, hospitals, outdoor, industrial, agricultural and other lighting. The general lighting market is huge. According to the forecast of McKinsey Consulting, the lighting product market will be 95 billion US dollars in 2011 and will grow to 130 billion US dollars by 2020, general lighting has a large share in the lighting market, reaching 71 billion US dollars in 2011, and it is predicted that by 2020, the general lighting market will still have 3 ~ A compound growth rate of 6. According to data from McKinsey Consulting, the penetration rate of LED in general lighting will be about 12 in 2011 and 43 in 2016. The penetration rate in will be 64. We can calculate that, in 2011, the size of the LED general lighting market was about 8. 5 billion US dollars, and by 2016 the figure would reach 40 billion US dollars (More than 200 billion yuan) Around 2020, it will be a super-large market of about 69 billion US dollars. The penetration rate of LED in the general lighting market is still relatively low. LED still has huge growth space in the general lighting market. In the future 3- Four years will be the golden development period for LED's penetration rate in the lighting market to rise rapidly.