China LED lighting market is expected to exceed 461.4 billion yuan
In 2016, the output value of LED lighting in China reached 245.4 billion yuan, an increase of 16.6% over the same period of last year, and maintained the momentum of rapid growth. In the future, benefiting from the continuous support from various countries and policies, the awareness of energy conservation and environmental protection will be enhanced, the prices of lighting products will further decline and the quality of products will continue to increase. The market scale of LED lighting in China is expected to continue to expand. By 2020, the market size of the industry is expected to exceed 461.4 billion yuan.
LED drive power LED lighting as an essential part of the LED lighting market, driven by the rapid growth of LED drive power market. GGII statistics show that in 2016 China LED lighting drive power output value of 19.8 billion yuan, accounting for the proportion of global output reached 61%.
China's drive power market has developed rapidly in recent years, the industry competition is also increasing. Among them, the competition in the medium and small power markets with relatively low technical requirements is particularly fierce. Small and medium-power LED drive power is mainly used in indoor lighting, the market is very large, but due to low power drive power on the technical requirements are relatively low, so a large number of enterprises, the industry price competition is extremely fierce, many companies gross profit margin has dropped to 15 %about.
Since 2016, many enterprises have gradually started to withdraw from the industry. However, some enterprises have enjoyed rapid growth due to technological advantages and product quality. For example, from the year of 2011 to the year of 2016, the company not only increased its operating income from 88.22 million yuan 133 million, compound growth of 22.5%, gross profit margin is to achieve triple jump, from 26.35% to 39.21%, the entire LED downturn in the circumstances, to obtain such a result is not easy, it is worth peer study and study.
In the high-power drive power market, due to high-power LED driver power supply is mainly used in LED outdoor lighting and landscape lighting, need to meet the harsh environment and other requirements, R & D, production technology is relatively high threshold, the process is more complex, relatively few participants , The market competition is not as intense as the competition in the low-power market. Earlier demand in the market and rapid growth of downstream demand led some traditional power manufacturers to enter this area, but due to its technical and process specific, some LED drive power companies exposed more problems. Therefore, after several years of development, the market share gradually concentrated to several dominant enterprises.
At present, the LED high-power drive power industry leading enterprises through the capital operation to obtain abundant working capital, have large-scale expansion of production capacity, other enterprises of the production technology and processes are gradually degree, product quality stability, with strong market competition ability.