2018 global LED lighting market will reach 62.9 billion US dollars

In the past five years, the global LED lighting market has grown from approximately $22.9 billion in 2012 to roughly $55.1 billion in 2017, with a compound annual growth rate of approximately 19.2%. Home and outdoor use are the main growth factors. Dimmable LED lighting not only helps to improve the indoor atmosphere but also helps to save energy to a large extent. The dimmable LED lighting market continues to generate due to increasing environmental awareness and the need to control energy consumption and is expected to increase in the coming years. Driven by this fast-growing market segment, the LED lighting market is expected to grow at a compound annual growth rate of approximately 11.4% from 2017 to 2022 and reach nearly $94.5 billion in 2022. As product technology matures and market competition increases, this growth rate is expected to decline in the future.

2018 global LED lighting market will reach 62.9 billion US dollars

In the Chinese market, the data show that since 2011, China's LED market has proliferated, from 154.5 billion RMB in 2011 to 5509 billion RMB in 2017, with a compound growth rate of 23.6%, digitized, visualized, The demand for information-based and intelligent, comprehensive intelligent government offices is increasing day by day. The scale of the LED market is continually improving. It is expected that the market scale will further increase in 2018 and the market prospect is broad.

At present, 30 Chinese LED industry listed companies have disclosed 2018 semi-annual reports, of which 30 listed companies in the LED industry have increased year-on-year. The most significant increase is Dehao Runda, which is an increase of 11581.45%. Among them, nine fell year-on-year, and Shelley's decline was the most significant year-on-year, down 288.56% year-on-year. Among them are three loss-making listed companies. Among the top ten LED industry listed companies are Sanan Optoelectronics, Liard, Mulinsen, Op Lighting, Huacan Optoelectronics, Foshan Lighting, Hongli Zhihui, Guoxing Optoelectronics, Zhouming Technology, and Sunlight Lighting. The total profit of these ten listed companies was 5.427 billion RMB.

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