Global LED lighting penetration continues to increase

Report data shows that in 2016 China's packaging output reached 73.7 billion RMB, an increase of 14.33%. With the LED application market, especially LED lighting market rebound and niche market demand driven, it is expected in 2017 China LED packaging market will reach to 87 billion RMB, an increase of 16%. China's LED package size is expected to grow further to 128.8 billion RMB in 2020. China's LED packaging industry in the next few years will maintain the scale of 13% -15% growth rate.

The general lighting market includes LED lighting, energy saving lamps, fluorescent lamps, high pressure gas discharge lamps, halogen lamps, incandescent lamps and other LED lights, which with small size, low power consumption, long life, non-toxic environmental advantages, gradually from the outdoor decoration, engineering lighting to the development of home lighting, and gradually replace the traditional lighting. With the various regions issued by the LED lighting product policy, it jointly accelerates the elimination of incandescent, the choice of higher light efficiency LED light source, the future penetration of LED lighting products, and further improve the LED product market growth potential.

The "LED lighting industry market investment analysis report" published by the prospective industry research institute expounded the overall development of the LED lighting market from the aspects of market overview, industrialization progress, regional development, policy analysis, key enterprises and so on. The institute has potential analysis on the LED lighting project investment. More questions, click on the online consultation with the researchers to achieve one-on-one communication.