The Latest LED Lighting Market Analysis
The new "2018 lighting level packaging and
LED lighting market outlook" shows that the scale of LED lighting
market from 2016 to 2019 is gradually increased, and the size of LED
lighting market reaches usd 327.17 billion in 2018 and usd 333 billion
in 2019. The replacement lighting has entered the saturation period.
Industrial, landscape outdoor, special commercial lighting development
continuing.
According to related survey of global installed lighting product stock, LED lighting products' replacement for traditional lighting has been growing rapidly, with the penetration rate of 22% in 2017, and it is estimated that 63% will be achieved in 2022, and 26% CAGR in 2017-2022.
Lighting market development three main axes - smart lighting, niche lighting and lighting in emerging countries.
Spindle 1: Intelligent Lighting
In 2017, global smart lighting entered a high-speed development stage with a market size of nearly 4.6 billion us dollars and a year-on-year growth rate of up to 95%. With the maturity of technology and products and the popularization of relevant concepts, it is expected to reach 13.4 billion us dollars by 2020.Industry and commerce are the largest application fields of intelligent lighting. Due to the characteristics of digitalization, intelligent lighting will bring more new business models and value growth to these two fields.
Spindle 2: Niche Lighting
The related organization organizes four niche lighting markets, including plant lighting, medical lighting, fisheries lighting and Marine port lighting. Among them, plant lighting demand, plant factory construction and greenhouse lighting demand in USA and China are the main driving forces.
Spindle 3: Lighting of Emerging Countries
Economic development in emerging countries has LED to increased infrastructure and urbanization, and large commercial facilities and infrastructure and industrial areas have stimulated LED lighting demand. In addition, national and local governments' energy conservation and emission reduction policies, such as energy subsidies and tax incentives, large-scale bidding projects, such as street lamp replacement, residential and commercial area renovation, as well as the improvement of lighting product standard certification, are promoting the promotion of LED lighting. Among them, Vietnam market in southeast Asia and India market grow most rapidly.
Anhui Chenxin Lighting Electrical Appliance Co., LTD is a professional large-scale manufacturer of all types of Lighting products. We Specializes in manufacturing LED various lamps such as high quality LED filament light bulbs, brightest LED panel light,super bright Led globe bulbs,LED Corn bulbs and T8 LED Glass tubes,CFLs. Welcome visit！
According to related survey of global installed lighting product stock, LED lighting products' replacement for traditional lighting has been growing rapidly, with the penetration rate of 22% in 2017, and it is estimated that 63% will be achieved in 2022, and 26% CAGR in 2017-2022.
Lighting market development three main axes - smart lighting, niche lighting and lighting in emerging countries.
Spindle 1: Intelligent Lighting
In 2017, global smart lighting entered a high-speed development stage with a market size of nearly 4.6 billion us dollars and a year-on-year growth rate of up to 95%. With the maturity of technology and products and the popularization of relevant concepts, it is expected to reach 13.4 billion us dollars by 2020.Industry and commerce are the largest application fields of intelligent lighting. Due to the characteristics of digitalization, intelligent lighting will bring more new business models and value growth to these two fields.
Spindle 2: Niche Lighting
The related organization organizes four niche lighting markets, including plant lighting, medical lighting, fisheries lighting and Marine port lighting. Among them, plant lighting demand, plant factory construction and greenhouse lighting demand in USA and China are the main driving forces.
Spindle 3: Lighting of Emerging Countries
Economic development in emerging countries has LED to increased infrastructure and urbanization, and large commercial facilities and infrastructure and industrial areas have stimulated LED lighting demand. In addition, national and local governments' energy conservation and emission reduction policies, such as energy subsidies and tax incentives, large-scale bidding projects, such as street lamp replacement, residential and commercial area renovation, as well as the improvement of lighting product standard certification, are promoting the promotion of LED lighting. Among them, Vietnam market in southeast Asia and India market grow most rapidly.
Anhui Chenxin Lighting Electrical Appliance Co., LTD is a professional large-scale manufacturer of all types of Lighting products. We Specializes in manufacturing LED various lamps such as high quality LED filament light bulbs, brightest LED panel light,super bright Led globe bulbs,LED Corn bulbs and T8 LED Glass tubes,CFLs. Welcome visit！
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