2019 global LED lighting industry analysis
To improve energy efficiency, environmental protection, global climate change, as the most advantage of the new energy efficient lighting products, LED lighting products are the focus of the world's countries to promote energy-efficient lighting products. Previously, the LED lighting product prices high compared to traditional lighting products, their market penetration has been at a low level.
As the world is increasingly concerned about energy conservation, promotion and price of LED lighting technology as well as national decline gradually introduced FMCT ban incandescent, under the promotion of good policy background LED lighting products, LED lighting penetration rate rising, 2017 The global LED lighting penetration rate reached 36.7%, up 5.4% from 2016. By 2018, the global LED lighting penetration rate rose to 42.5%.
Global LED lighting industry demand continues to weaken
According to the statistics of China LED Lighting Industry Market Prospect and Investment Strategic Planning Analysis Report released by Prospective Industry Research Institute, under the implementation of global energy conservation and environmental protection concepts and the support of national industry policies, the global LED lighting market has remained generally in recent years. More than 10% of the growth rate, as of 2017, the global LED lighting industry scale of 55.1 billion US dollars, an increase of 16.5%. However, compared with the previous years, the growth rate slowed down, mainly due to the decline in the terminal price of LED lighting products and the decline in the market demand for replacement.
In 2018, the growth momentum of the global LED lighting market was weak and the industry scale reached 62.9 billion US dollars. From the perspective of regional economic performance, in addition to the strong economic recovery in the United States, affected by exchange rates and uncertainties, many emerging economies are facing negative pressures from recession, including India, Turkey, Argentina and other regions, showing market crisis. As a result, the growth performance of the domestic market has been weakened. Under the ambiguity of the overall economy, the lighting market, which is a demand for people's livelihood, has also shown a phenomenon of terminal pulling goods.
Judging from the development of various regions in the world, the global LED lighting market has formed a three-pronged industrial structure dominated by the United States, Asia and Europe, and has taken the lead in Japan, the United States and Germany, followed by Taiwan, South Korea and China. Since then, China, Malaysia and other countries and regions have actively followed up the echelon distribution.
Among them, the European LED lighting market continued to grow in size, reaching $14.53 billion in 2018, a year-on-year growth rate of 8.7% and a penetration rate of over 50%. Among them, the growth kinetic energy of spotlights, filament lamps and decorative lamps used for commercial lighting is most remarkable.
US lighting manufacturers have bright revenue performance, and the main revenue comes from the US market. Under the influence of the tariffs imposed by the Sino-US trade war and the increase in the price of raw materials, the cost is expected to be passed on to consumers.
Southeast Asia is gradually developing into a highly dynamic LED lighting market. Thanks to the rapid growth of the local economy, large investment in infrastructure and large population, there is a great demand for lighting. The penetration rate of LED lighting in the Middle East and Africa market is rapidly increasing, and the market potential in the future is still expected.