2017 global LED filament lamp market is expected to reach 831 million US dollars

According to the latest survey results, 2017 global LED filament market is expected to reach 56.6 billion yuan (about 831 million US dollars), an increase of 95%; 2017 to 2022 CAGR will reach 47.7%.

The first half of 2017, the Chinese manufacturers LED light filament exports amounted to 15.73 million, exports amounted to 22.47 million US dollars; year on year increase of 353% and 330%.

At present, the main fluorescent lamp LED light flux of about 450lm, widely used in public places decorative lighting.

With the LED bulb prices continue to decline, such as Philips, Osram Licht and other lighting manufacturers are vigorously promoting LED filament lamp. In the Chinese market, 3W LED filament lamp price of 28-30 yuan, than the price of 3W LED bulbs much higher.

With the growth of LED filament demand, China's largest LED packaging and LED application products supplier Lin Linsen (MLS) has invested 1.287 billion yuan, plans to build in East China with an annual capacity of 229 million light bulb lamp production base.