2018 China's LED lighting market reached 598.5 billion yuan

By the end of 2018, China had about 400 LED lighting driver companies with a certain scale, of which 90% of the driving power companies involved LED lighting driver power. The LED driving power supply mainly includes the function driving power supply and the landscape lighting driving power source. The LED function driving market is large in scale, but the number of entrants is large and the scale is relatively dispersed, resulting in fewer orders in the small enterprise market and exiting the market due to operational difficulties.

In recent years, as countries around the world pay more and more attention to energy conservation and emission reduction, LED, which is the most advantageous new high-efficiency energy-saving lighting product, has become the key promotion product of energy-saving lighting in the world, leading to the rapid development of the global LED lighting market. In 2018, the global LED output value reached 62.9 billion. Dollar. According to data from GGII, the global LED lighting penetration rate has reached 42.5% in 2018. In 2018, China's LED lighting market reached 598.5 billion yuan, up 12.5% ??year-on-year, of which the outdoor lighting market reached 95 billion. Yuan, LED has become the absolute power of commercial lighting, home lighting, outdoor lighting.

LED drive power is an indispensable part of LED lighting products and a major factor affecting the stability of LED lighting products. The rapid growth of the global LED lighting market has promoted the continuous development of the LED lighting driver power industry. According to statistics from the High-Industry Research Institute LED Research Institute (GGII), the output value of China's LED lighting driver power supply reached 29.3 billion yuan in 2018, a year-on-year increase of 19.6%. The proportion of global output reached 63%. LED lighting drive power market is huge, GGII expects China's LED drive power output value will reach 31.5 billion yuan in 2019, an increase of 12.5%. By 2020, China's LED lighting power supply market is expected to reach 38.9 billion yuan.

By the end of 2018, China had about 400 LED lighting driver companies with a certain scale, of which 90% of the driving power companies involved LED lighting driver power. The LED driving power supply mainly includes the function driving power supply and the landscape lighting driving power source. The LED function driving market is large in scale, but the number of entrants is large and the scale is relatively dispersed, resulting in fewer orders in the small enterprise market and exiting the market due to operational difficulties.

The High-tech Research Institute LED Research Institute (GGII) predicts that the output value of China's LED drive power will reach 31.5 billion yuan in 2019, an increase of nearly 13% year-on-year. By 2020, China's LED lighting power supply market is expected to reach 39 billion yuan. Enterprises will gradually withdraw from the market due to operational difficulties.