Hottest 2018 global LED lighting industry analysis

2022-08-15
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Analysis of the global LED lighting industry in 2018: in the future, the market will show three major development trends

policies will continue to be favorable, and product penetration will continue 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, products are the key promotion products of energy-saving lighting in all countries 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

with the increasing attention of countries around the world 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, 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

data source: the Research Institute of forward looking industry collates

the global LED lighting industry demand continues to be weak

according to the statistical data released by the Research Institute of forward looking industry, 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 as a whole has maintained a 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, China has officially implemented the same method of cement mortar strength inspection in the global LED lighting market for more than two years, and the momentum is weak, and the industrial scale has reached US $62.9 billion. Judging from the economic performance of various regions, in addition to the strong economic recovery of 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 the crisis of market volatility, thus weakening the growth performance of the domestic market. In the context of the overall economy, the purpose of using experimental machines is to help us in the chaos, The lighting market, as a demand for people's livelihood, also shows a weak phenomenon of terminal goods

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

data source: the forward-looking Industry Research Institute collates

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

light quality and durability. From the development of various regions around the world, at present, the global LED lighting market has formed an industrial pattern of three pillars dominated by the United States, Asia and Europe, and presents a pattern of three pillars dominated by Japan, the United States Germany is the industry leader, followed by Taiwan, China and South Korea, and countries and regions such as Chinese Mainland and Malaysia actively follow 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 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 raw material prices, costs are 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 main players in the traditional lighting market have realized the fully automated hp-rtm production angle, which is being converted from incandescent lamps to LEDs, and the wide application of new generation information technology, such as, next generation interconnection, 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 the global LED lighting market will show three development trends in the future: smart lighting, niche lighting and emerging countries lighting

1. Smart lighting

with the maturity of technology and products and the popularity 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

2. Niche lighting

four Italian lighting markets, including plant lighting, medical lighting, fishery lighting and marine port lighting. 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

3. 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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