Analysis on the Current Situation and Trend of LED Lighting Industry in China

- Jul 07, 2017-

China has become the world's leading LED application production base, according to the Institute of high industry LED industry (GGII) reported that in 2016 China's lighting applications into the spiral rise, the slowdown, the overall showing a steady upward trend.

Data show that LED downstream lighting applications market size of 245.4 billion yuan, an increase of 16.60%, of which indoor lighting 158.8 billion yuan, accounting for 64.46%, an increase of 33%.

2016, LED indoor lighting in the rapid development of the same time, also revealed a number of new trends:

First of all, the global LED indoor lighting industry to accelerate the transfer to China, the domestic lighting business to overseas expansion, foreign lighting companies to shrink the front, the acquisition of OSRAM Sun Leng lighting business, GE lighting out of the Asian market;

Second, with the fierce market competition, corporate profits thinner, industry concentration began to improve, the past two years the industry has occurred dozens of mergers and acquisitions, 2017 will be further exacerbated;

Again, as people's quality of life requirements are getting higher and higher, indoor intelligent lighting has gradually become the trend.

With the LED chip and drive power technology to enhance, plagued the LED lights cooling, light failure, power and other issues to be resolved, while the price of the rapid decline in the price of LED lights to enhance the price.

The domestic LED lights gradually replace the traditional street lights to become the main force of the new installation of the street lights, while the future of intelligent control of LED lights more enhanced the advantages of LED street lamp products in the current context of energy-saving emission reduction, the local government widely promote LED street lamp products.

With the Chinese government subsidies have been withdrawn, and coastal developed areas of street lighting is nearing completion, China LED street lamp transformation will enter a benign and steady growth stage, and overseas markets gradually began to become the future growth momentum.

(GGII) research data show that the domestic LED market to benefit from the collective pick up, 2016 China's domestic LED street lamp market size reached 9.46 billion, an increase of 15.4%, as of the end of 2017 the domestic LED street lamp penetration rate of nearly 40% The

At the same time, the wisdom of the city from the concept of exploration gradually into the real construction stage, with the wisdom of the city to accelerate the construction, as well as Internet of things, cloud computing and other new generation of information technology widely used, intelligent street construction will usher in rapid development opportunities. It is expected that by 2020, China's LED intelligent street market penetration will increase to about 40%.