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Market situation of LED lamps
by：ALLTOP
2021-04-07
One is the general lighting market.
Thanks to the ban on the sale/ban of incandescent lamps by governments and the continuous decline in the price of LED lighting products, the LED lighting market is expected to achieve rapid growth in the year, and the market size will account for more than% of the total LED application market to reach 100 million US dollars . As the world's second largest LED lighting market, China's annual sales volume will reach US$100 million, a year-on-year increase of more than %, and it is one of the fastest growing markets in the world. At the same time, the LED penetration rate of my country's physical channels in the first half of the year has exceeded %, and the LED sales of e-commerce channels have doubled. These have laid a solid foundation for the outbreak of my country's LED lighting market.
With the continuous improvement of LED luminous efficiency and the continuous maturity of production technology, LED light sources have been widely used in fields including general lighting, backlighting, signal lights, display screens, etc., and have formed a market scale of 100 billion. Due to the rapid growth of consumer electronics such as mobile phones and tablet computers and the replacement of CCFL by LEDs in the field of TV backlighting, the proportion of LED backlighting applications has remained at a level of about% from 2000 to 2000. At the same time, under the support of various governments and the decline of LED prices, LED lighting has seen significant growth. In 2012, LED lighting has surpassed LED backlight to become the largest LED application-related market.
The second is the street lamp market.
Due to the control of international giants, it is difficult for Chinese enterprises to enter the overseas market of LED street lamps, so the domestic street lamp market has become the focus of competition among major Chinese manufacturers. It is estimated that the scale of my country's LED street lamp market will reach 100 million yuan, a year-on-year increase of more than %%, and the market potential is huge. LED manufacturers with EMC qualifications and cost-effective products will become the main competitors in this market. The transformation of LED street lamps has become an important part of the implementation of energy-saving-related policies in countries with large stocks of medium-sized street lamps in Europe, America and Japan. For example, more than a dozen cities in the United States have begun or plan to install LED street lights, London, the United Kingdom plans to replace all of the city’s street lights with LED street lights by the year, and several provinces in Canada and several emerging market countries including India, Russia, and Southeast Asia. LED outdoor lighting related policies have also been introduced, which shows that the transformation of LED street lights has become a global trend.
The third is the LED small-pitch screen market.
LED small-pitch screens, as a substitute for traditional large-screen splicing products of more than 1 inch, bring a market opportunity of more than 100 million yuan for LED screen manufacturers. With the increase in domestic market penetration, we believe that overseas markets will become the focus of competition for powerful Chinese manufacturers, and companies with good product quality and overseas sales experience will gain first-mover advantages.
Since the current LED small-pitch products are only superior to traditional splicing products over 1 inch in terms of cost performance, the LED small-pitch screen market is mainly concentrated in the field of large-size splicing screens. The domestic market size of splicing screens of inches and above was about RMB 100 million in 2015. If we add overseas market demand, we expect the potential market size of splicing screens of inches and above to exceed RMB 100 million, so there is huge potential for the replacement market. Due to the early start of LED small-pitch screens in my country and the higher acceptance by domestic users, the domestic market is developing faster than overseas markets. As more LED manufacturers join in, it is expected that the domestic LED small-pitch screen market will become saturated in the future. Therefore, we believe that overseas markets will become the focus of competition for Chinese companies, and companies with good product quality and overseas sales experience will Gain first-mover advantage.
In the context of the rapid development of the LED general lighting market, LED street lamp market, and LED small-pitch screen market, the LED industry will develop rapidly.
Thanks to the ban on the sale/ban of incandescent lamps by governments and the continuous decline in the price of LED lighting products, the LED lighting market is expected to achieve rapid growth in the year, and the market size will account for more than% of the total LED application market to reach 100 million US dollars . As the world's second largest LED lighting market, China's annual sales volume will reach US$100 million, a year-on-year increase of more than %, and it is one of the fastest growing markets in the world. At the same time, the LED penetration rate of my country's physical channels in the first half of the year has exceeded %, and the LED sales of e-commerce channels have doubled. These have laid a solid foundation for the outbreak of my country's LED lighting market.
With the continuous improvement of LED luminous efficiency and the continuous maturity of production technology, LED light sources have been widely used in fields including general lighting, backlighting, signal lights, display screens, etc., and have formed a market scale of 100 billion. Due to the rapid growth of consumer electronics such as mobile phones and tablet computers and the replacement of CCFL by LEDs in the field of TV backlighting, the proportion of LED backlighting applications has remained at a level of about% from 2000 to 2000. At the same time, under the support of various governments and the decline of LED prices, LED lighting has seen significant growth. In 2012, LED lighting has surpassed LED backlight to become the largest LED application-related market.
The second is the street lamp market.
Due to the control of international giants, it is difficult for Chinese enterprises to enter the overseas market of LED street lamps, so the domestic street lamp market has become the focus of competition among major Chinese manufacturers. It is estimated that the scale of my country's LED street lamp market will reach 100 million yuan, a year-on-year increase of more than %%, and the market potential is huge. LED manufacturers with EMC qualifications and cost-effective products will become the main competitors in this market. The transformation of LED street lamps has become an important part of the implementation of energy-saving-related policies in countries with large stocks of medium-sized street lamps in Europe, America and Japan. For example, more than a dozen cities in the United States have begun or plan to install LED street lights, London, the United Kingdom plans to replace all of the city’s street lights with LED street lights by the year, and several provinces in Canada and several emerging market countries including India, Russia, and Southeast Asia. LED outdoor lighting related policies have also been introduced, which shows that the transformation of LED street lights has become a global trend.
The third is the LED small-pitch screen market.
LED small-pitch screens, as a substitute for traditional large-screen splicing products of more than 1 inch, bring a market opportunity of more than 100 million yuan for LED screen manufacturers. With the increase in domestic market penetration, we believe that overseas markets will become the focus of competition for powerful Chinese manufacturers, and companies with good product quality and overseas sales experience will gain first-mover advantages.
Since the current LED small-pitch products are only superior to traditional splicing products over 1 inch in terms of cost performance, the LED small-pitch screen market is mainly concentrated in the field of large-size splicing screens. The domestic market size of splicing screens of inches and above was about RMB 100 million in 2015. If we add overseas market demand, we expect the potential market size of splicing screens of inches and above to exceed RMB 100 million, so there is huge potential for the replacement market. Due to the early start of LED small-pitch screens in my country and the higher acceptance by domestic users, the domestic market is developing faster than overseas markets. As more LED manufacturers join in, it is expected that the domestic LED small-pitch screen market will become saturated in the future. Therefore, we believe that overseas markets will become the focus of competition for Chinese companies, and companies with good product quality and overseas sales experience will Gain first-mover advantage.
In the context of the rapid development of the LED general lighting market, LED street lamp market, and LED small-pitch screen market, the LED industry will develop rapidly.
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