China's LED lighting market will reach a trillion in 2020

At present, lighting accounts for 14% of China's electricity consumption, accounting for about 15% of global electricity consumption, resulting in huge greenhouse gas emissions and energy consumption. Experts said that in response to the challenges of energy consumption and climate change brought by lighting, China actively promotes the use of high-efficiency and high-quality lighting systems, which greatly promotes the development of China's LED lighting industry.

The data shows that during the “Twelfth Five-Year Plan” period, China’s LED lighting output increased by more than 30% annually, second only to the growth rate of the real estate sector; the localization rate of chips reached 75%; and 31 listed companies with LED as the main business The export value of LED products reached 10 billion US dollars. Among them, only LED lighting production in 2016 was about 8 billion, and the industrial scale reached 5,216 yuan, a year-on-year increase of 22.8%. China has become the world's largest producer, exporter and exporter of LED lighting.

Although the development of China's LED lighting industry has made great achievements, with the changes in industrial development, technological progress, market demand and other factors, China's LED lighting industry has emerged from pursuing light efficiency to improving quality, focusing on health, from technology-driven to application. New trends such as driving and market penetration acceleration have brought new opportunities and challenges to the development of the LED lighting industry.

At the same time, the rapid development of the LED lighting industry and the continuous advancement of technology have also presented unprecedented challenges to the development of LED standards, such as too many standards and not uniform. There are more than 300 lighting standards in China, of which only 23 have been released for LED lighting products. At the same time, the development of standards cannot keep up with the pace of technological progress. This also hinders the development of the LED lighting industry.

The development of China's LED lighting should be better integrated with new technologies such as high-power, detection and sensing, digital, Internet, multimedia, big data, and smart city construction, and actively develop beyond lighting, smart lighting, off-grid lighting, LED The future of lighting will usher in great development. "It is estimated that by 2020, the scale of China's LED lighting market will reach one trillion yuan, the penetration rate of general lighting will exceed 70%, and the energy saving will reach 340 billion kWh."