The development status and analysis of the LED lighting market

The development status and analysis of the LED lighting market According to the existing statistical classification, LED outdoor functional lighting is divided into three categories, namely street lights, tunnel lights and other functional lighting. Other functional lighting products mainly include courtyard lights, high pole lights and high-power floodlights. Judging from the current inventory of outdoor functional lighting in Mainland China, the number of street lamps and courtyard lamps is the largest, followed by high-pole lamps and high-power floodlights, followed by tunnel lamps. Since street lights and courtyard lights are mostly under the field of public lighting, they developed earlier and faster. China's LED outdoor lighting market has reached 100 million yuan Since the past few years, the number of road lighting fixtures in mainland China has shown rapid development. According to the data released by the National Bureau of Statistics, the annual average increase is ten thousand. As of the end of the year, the number of road lighting fixtures in mainland China has reached 10,000, with a compound annual growth rate of .%. The scale of China's LED outdoor functional lighting market reached 100 million yuan, a year-on-year increase of %. The LED outdoor lighting throughout the year presented the following three characteristics: rapid price decline, a significant slowdown in the growth of domestic installations, and rapid growth in export markets. Of course, there must be a reason for the occurrence of this phenomenon, and the occurrence of this phenomenon has a certain relationship with all aspects. First of all, LED technology has been further improved, and the problems of heat dissipation, light attenuation, and power supply that plagued LED outdoor functional lighting have been further resolved. At the same time, the rapid decline in upstream chip prices has improved the cost-effectiveness of LED outdoor functional lighting products; **, the government promotes the accelerated promotion of LED outdoor functional lighting products. Local governments hope to achieve energy saving and emission reduction through the installation of LED street lights, LED garden lights, etc., while achieving good social benefits. In addition, the price of LED outdoor functional lighting products continues to decline, but because the prices of raw materials are also falling simultaneously, the gross profit margin of LED outdoor functional lighting has not dropped significantly. Green lighting, energy saving and environmental protection are the focus of attention in today's society, and road lighting is also increasingly pursuing energy saving and high efficiency on the basis of aesthetics and practicality. With the development of LED technology and scientific design, road lighting will surely realize the unification of beauty, practicality and energy saving.