LED lighting industry development trend prospects and competitive landscape analysis


LED lighting products are lighting fixtures manufacture […]

LED lighting products are lighting fixtures manufactured using light-emitting diodes as light sources. They are characterized by high efficiency, energy saving, environmental protection, and easy maintenance. They are effective ways to achieve energy saving and emission reduction. In the context of global energy shortages, LED lighting will gradually become the mainstream product in the field of lighting, leading another revolution in lighting sources after incandescent lamps and fluorescent lamps in the history of lighting.

In recent years, the global LED market has grown rapidly, and it has gradually replaced other incandescent lamps, fluorescent lamps and other lighting sources. The penetration rate continues to increase rapidly. Data shows that in 2017, the global LED penetration rate reached 36.7%, an increase of 5.40% from 2016.

With the rapid development of LED lighting technology, the performance indicators of LED lighting products such as stability, service life, intelligence, indexing, and light efficiency have gradually remained stable, reaching customer acceptance, and product market applications have continued to increase. The data shows that the global LED lighting market reached USD 34.6 billion in 2016, a year-on-year increase of 15.8%.

From 2014 to 2016, the domestic LED lighting application output value grew faster, and the domestic market penetration rate of LED lighting products (LED lighting product domestic sales / total domestic sales of lighting products) reached 42%, up 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 key development opportunities. By 2020, China's LED lighting market is expected to exceed 461.4 billion yuan.

The LED industry is also a key industry supported by China. Since 2009, the government has subsidized the LED upstream and upstream industries, which has led to rapid expansion of production capacity, the end price of LED lighting products has continued to fall, and the penetration rate of LED lighting has increased rapidly from 3.3% in 2012. Increased to 44% in 2016. As the integration of the upstream and downstream of China's LED industry is basically completed, the space for LED lighting product prices to continue to fall is limited, and the rate of penetration rate will slow down. It is expected to increase by 6% each year in the future. By 2020, China's LED lighting penetration rate is expected to reach 68% .

Average profit

China is the world's factory for lighting electrical products. The products are exported to 220 countries and regions. The domestic lighting market accounts for more than 20% of the global lighting market. Continue to consolidate the position of a major country in the production, export and consumption of lighting and electrical products.

China's lighting appliance industry has maintained a rapid, stable and sustainable development trend for the past two decades. The overall sales of the entire industry in 2017 were about 580 billion yuan, an increase of about 3.6% from the 560 billion yuan in 2016. The main reason is that The impact of the substantial depreciation. Although foreign sales increased from 38.8 billion in 2016 to 41.2 billion US dollars, the conversion into RMB has a very limited contribution to the growth of overall sales.

Overall, although the overall sales of the entire industry are still growing, compared with previous years, the growth rate has slowed down significantly, and has changed from the previous high-speed growth to the current stable growth. China's lighting appliance industry is currently in the stage of transformation and upgrading from the traditional lighting to the deepening development of LED lighting. In recent years, the technology of LED lighting products has gradually matured, and the cost has dropped significantly. This trade-off has caused the output of traditional lighting products to decrease year by year.

In 2017, the national lighting industry's cumulative main business income profit margin was 6.96%, which was 0.69 percentage points higher than the light industry's average main business income profit margin.

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