Analysis of the global LED lighting industry in 20

2022-08-09
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[streetlights encyclopedia] 2019 global LED lighting industry analysis

policies continue to be favorable, and product penetration continues to increase

in order to improve energy efficiency, protect the environment, and respond to global climate change, as the most advantageous new energy-efficient lighting products, LED lighting products are the key promotion products of energy-saving lighting all over the world. Previously, due to the higher price of LED lighting products compared with traditional lighting products, its market penetration has been at a low level

as countries around the world pay more attention to energy conservation and emission reduction, the improvement of LED lighting technology and the decline of prices, as well as the favorable policies of banning production and sales of incandescent lamps and promoting LED lighting products, the penetration rate of LED lighting products continues to increase. In 2017, the global LED lighting penetration rate reached 36.7%, up 5.4% from 2016, and by 2018, the global LED lighting penetration rate rose to 42.5%

statistics of global LED lighting penetration rate in

the demand of the global LED lighting industry continues to be weak

according to the statistical data of the "analysis report on the market outlook and investment strategic planning of China's LED lighting industry" released by the prospective industry research institute, with the implementation of the global concept of energy conservation and environmental protection and the support of national industrial policies, the global LED lighting market has still maintained an overall growth rate of more than 10% in recent years, As of 2017, the scale of the global LED lighting industry was US $55.1 billion, with a year-on-year increase of 16.5%. However, compared with previous years, the growth rate slowed down, mainly due to the decline in the terminal price of LED lighting products and the decline in the stock that needs to be replaced in the market

in 2018, the growth momentum of the global LED lighting market was weak, and the industrial scale reached US $62.9 billion. From the perspective of regional economic performance, in addition to the strong economic recovery in the United States, affected by exchange rates and uncertainties, many emerging economies are facing negative pressure of recession, including India, Turkey, Argentina and other regions, which have shown a crisis of market volatility, which has weakened the growth performance of the domestic market. Under the overall economic chaos, the lighting market, as a demand for people's livelihood, also shows a weak phenomenon of terminal goods

the scale statistics and growth of the global LED lighting industry in

the development trends of various regions are different, and a three legged industrial pattern has been formed

from the development of various regions around the world, at present, the global LED lighting market has formed a three legged industrial pattern dominated by the United States, Asia and Europe, and shows that Japan, the United States and Germany are the industry leaders, followed by Taiwan, China and South Korea, followed by Chinese Mainland Malaysia and other countries and regions actively follow up the echelon distribution

among them, the European LED lighting market continued to grow, reaching US $14.53 billion in 2018, with a year-on-year growth rate of 8.7% and a penetration rate of more than 50%. Among them, spotlights, filament lamps and decorative lamps used for commercial lighting have the most significant growth momentum

all American lighting manufacturers have good revenue performance, and the main revenue comes from the American market. Affected by the tariffs imposed by the Sino US trade war and the rise in the price of raw materials (2) building energy efficiency, the cost is expected to be passed on to consumers

Southeast Asia is gradually developing into a very dynamic LED lighting market, thanks to the rapid growth of local economy, large investment in infrastructure and large population, so there is a large demand for lighting. The penetration rate of LED lighting in the Middle East and Africa market has increased rapidly, and the future market potential is still in the future

analysis of the development trend of the global LED lighting industry in the future

in 2018, the global economy was turbulent, the economies of many countries were declining, market demand was weak, and the growth momentum of the LED lighting market was weak. However, the penetration rate of the global LED lighting industry was further improved under the background of the continuous positive energy conservation and emission reduction policies of various countries

in the future, with the continuous development of lighting energy-saving technology, the protagonist of the traditional lighting market is changing from incandescent lamps to LEDs, and the wide application of new generation information technology such as IOT, next generation interconnection, cloud computing, etc., smart city has become an inevitable trend. In addition, from the perspective of market demand, emerging countries in Southeast Asia and the Middle East have strong demand. It is predicted that in the future, the global LED lighting market will show three major development trends: smart lighting, or considering the winding of constant linear speed system and constant tension system, niche lighting and emerging country lighting

smart lighting

with the maturity of technology and products and the popularity of related concepts, it is estimated that 206. The accuracy of microcomputer software analysis data will reach 13.4 billion US dollars in 20 years. Industry and commerce are the largest application fields of smart lighting. Because of the characteristics of digitalization, smart lighting will bring more new business models and value growth points to these two fields

niche lighting

four Italian lighting markets, including plant lighting, medical lighting, fishery lighting and spine repair, reduce complications: Marine port lighting in recent years. The main driving force is the rapid increase in the demand for plant lighting in the United States and China, the construction of plant factories and the demand for greenhouse lighting

lighting in emerging countries

the economic development of emerging countries drives the improvement of infrastructure and urbanization rate, and the construction of large-scale commercial facilities, infrastructure and industrial zones stimulate the demand for LED lighting. In addition, the energy-saving and emission reduction policies of national and local governments, such as energy subsidies, tax incentives, large-scale bidding projects, such as street lamp replacement, residential and business district reconstruction, and the improvement of lighting product standard certification, are promoting the promotion of LED lighting. Among them, Vietnam market and India market in Southeast Asia have the fastest growth

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