Current situation and development of the global LE

2022-08-01
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Analysis on the market status and development trend of the global LED lighting industry in 2018 emerging countries have great market potential

in order to improve energy efficiency, protect the environment and cope with global climate change, as the most advantageous new energy-efficient lighting products, LED lighting products are the key promotion products of energy-saving lighting in 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 the production and sale of incandescent lamps and promoting LED lighting products, the penetration rate of LED lighting products continues to increase. In 2017, the global led penetration rate reached 36.7%, an increase of 5.4% compared with 2016, and it is predicted that it will rise to 42.5% in 2018

affected by the economic and market downturn, the industry demand continues to be weak, making the equipment work more smooth.

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 maintained an overall growth rate of more than 10% in recent years. In 2017, the scale of the global LED lighting industry was US $55.1 billion, a year-on-year increase of 16.5%. However, compared with previous years, the growth rate has slowed down, mainly due to the slowdown 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 is weak. From the economic performance of various regions, in addition to the strong economic recovery in the United States, affected by exchange rates and uncertainties, many emerging economies are facing the negative pressure of recession, including the crisis of market shocks in India, Turkey, Argentina and other regions, which may take you two or three hours to take out the finished products, As a result, the growth performance of the domestic market has been weakened. Under the chaos of the overall economy, the lighting market, as a demand for people's livelihood, has also shown a weak phenomenon of terminal goods

the development trend of each region is different, and the industrial pattern of three pillars has been formed.

from the development of each region in the world, the global LED lighting market has formed a three pillar industrial pattern dominated by the United States, Asia and Europe, and has shown an echelon distribution with Japan, the United States and Germany as the industry leaders, Taiwan, China and South Korea following closely, and countries and regions such as Chinese Mainland and Malaysia actively following up

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 lighting manufacturers in the United States have bright revenue performance, and the main revenue comes from the U.S. market. Under the influence of the tariff imposed by the Sino US trade war and the rise in the price of raw materials, 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, there is a great 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 on the development trend of the global LED lighting industry in the future

in 2018, the global economy was in turmoil, the economies of many countries were declining, the 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 still 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 traditional lighting market is changing from incandescent lamp to LED, and the wide application of new generation information technologies such as IOT, next generation Internet and cloud computing, 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 power. It is predicted that the global LED lighting market will present three development trends in the future: smart lighting, niche lighting and emerging countries lighting

development trend 1: smart lighting

with the maturity of technology and products and the popularization of related concepts, it is estimated that the global smart lighting will reach 13.4 billion US dollars in 2020. 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

development trend 2: niche lighting

four Italian lighting markets, including plant lighting, medical lighting, fishery lighting and marine port lighting. Among them, the inspection and quarantine departments should focus on the rapid increase of plant lighting demand in the U.S. and Chinese markets, plant factory construction and greenhouse lighting demand, and strengthen the guidance and formulate preventive measures

development trend 3: lighting in emerging countries

the economic development in emerging countries drives the improvement of infrastructure and urbanization rate, and the construction of large 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 and tax incentives, large-scale standard projects, such as street lamp replacement, residential and commercial area 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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