Chinese LED companies are changing the global lighting industry

Recently, news of the sale of GE Lighting has attracted a lot of attention in the industry after it was released, and it also attracted the intention bid of many Chinese companies. Once upon a time, four giants of Philips, Osram, GE and Hivan once monopolized 70% of the global lighting industry. Nowadays, it can be seen that the situation of former international lighting companies has been changing.

Chinese LED companies are changing the global lighting industry

With the rise of China's lighting industry, the international traditional lighting giants Philips, Xi Wannian, Osram, and GE have successively stripped and split their lighting business, giving Chinese lighting companies more opportunities to participate in international competition.

▲ The market size of the global LED industry has been steadily increasing from 2010 to 2015, but the growth rate has declined in 2016 and 2017. The global LED industry market in 2017 was approximately US$648.04 billion, an increase of 13.42% year-on-year.

▲ From 2010 to 2017, the market size of China's LED industry showed a rapid growth trend. The industry scale in 2017 was 522.8 billion RMB, a year-on-year increase of 14.24%, and the industry grew at a faster rate.

From this point of view, the market size of China's LED industry continues to expand, and the weight of Chinese companies in the international market is also increasing.

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