LED lighting products are lighting appliances manufactured by using light-emitting diodes as light sources. They have outstanding characteristics such as high efficiency, energy saving, environmental protection, and easy maintenance. They are an effective way to achieve energy saving and emission reduction. Under the background of the lack of global power, LED lighting will gradually become the mainstream product in the lighting field, leading another lighting source innovation after incandescent lamps and fluorescent lamps in the history of lighting.
In recent years, the global LED market has increased rapidly, and it has gradually replaced other lighting sources such as incandescent lamps and fluorescent lamps. The penetration rate continues to improve rapidly. According to relevant data, the global LED penetration rate reached 36.7% in 2017, an increase of 5.40 from 2016 %.
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LED lighting penetration rate
With the rapid development of LED lighting technology, the stability, service life, intelligence, CRI, light efficiency and other performance indicators of LED lighting products have gradually remained stable, reaching customer acceptance, and product market applications have continued to improve. The forward-looking database flashes, and the global LED lighting market plans to reach 34.6 billion U.S. dollars in 2016, an increase of 15.8% year-on-year.
Global LED Lighting Market Planning (Unit: USD million)
Following the proliferation of foreign roadmaps for selecting incandescent lamps, my country has gradually accelerated the pace of selecting low-efficiency lighting products. In October 2011, the National Development and Reform Commission officially released the 'China's Gradually Selecting Incandescent Lamps RoadmapIncandescent lamps are sold in the market.
In 2016, the State Council issued the 'Thirteenth Five-Year' National Strategic Emerging Industry Development Plan, which clearly stated that 'promote the development and industrialization of key skills in the fields of smart sensors, power electronics, printed electronics, semiconductor lighting, and inertial navigation.'
The domestic LED lighting application output increased rapidly from 2014 to 2016, and the domestic market penetration rate of LED lighting products (domestic sales of LED lighting products/total domestic sales of lighting products) reached 42%, an increase of 10% from 2015. The substitution effect of LED on the traditional lighting market has greatly stimulated the demand of the semiconductor lighting market, and the domestic semiconductor lighting industry is expected to usher in a key development opportunity. By 2020, China's LED lighting market plan is expected to exceed 461.4 billion yuan.
