In 2026, the output value of lighting LED will reach 11.1 billion US dollars

According to the "Global LED Industry Database and Quarterly Update of LED Manufacturers" report by TrendForce, the demand for high-standard LED products in the lighting market will enter a stage of climbing. Generally speaking, the price of lighting LED products is stable, but due to the recent increase in global raw material prices , which makes the unit price of products tend to increase, coupled with the high energy-saving demand of governments in various countries, it is estimated that the output value of the lighting LED market in 2022 will have the opportunity to reach 8.11 billion US dollars, an annual increase of 9.2%. In the next few years, with the promotion of human health lighting, smart lighting and other factors, the market size of lighting LED will continue to grow.

TrendForce further stated that despite the continued impact of the epidemic in 2022, with the popularization of vaccines and the recovery of economic activities, coupled with the rigid demand for the lighting market for people's daily necessities, and the global demand for carbon neutrality and energy saving is increasingly on the agenda. Some countries are moving towards net-zero emissions through measures such as energy efficiency and low-carbon heating. However, lighting is a major energy consumer in buildings, accounting for 20% to 30% of total building energy consumption. Driven by the high demand for energy saving and the upgrading of policies and regulations, LED will further penetrate. In addition, smart lighting can also achieve the purpose of timely energy saving. Therefore, commercial lighting, home lighting, outdoor lighting and industrial lighting have strong demand for LED lighting introduction and smart lighting upgrades, which further pushes up the demand for high-standard LED products, including high light efficiency. , High color rendering and color saturation, low blue light for human health lighting and smart lighting.

The gradual recovery of the lighting market has been clearly reflected in the 2021 manufacturers’ revenue rankings, including Samsung LED, ams OSRAM, CREE LED, Lumileds, Seoul Semiconductor, MLS, Tiandian (Lightning) and other lighting LED manufacturers have shown growth in revenue. Mulinsen is still the leading manufacturer of lighting LEDs, ranking first in revenue, with an annual revenue growth of 34% in 2021. Ams Osram, Lumileds, CREE LED and Samsung LED mainly benefited from orders for industrial, outdoor and horticultural lighting last year, with annual revenue growth of 26%, 18% and 8% respectively.

In terms of price, as the demand in the lighting industry has gradually recovered in 2021, in the face of the demand for products with higher specifications in terminal applications and the impact of rising comprehensive costs such as raw materials and operations, LED packaging factories will no longer adopt price strategies to seize more. Therefore, the price of lighting LED products will be stable and rebound in 2021. In terms of categories, medium and low-power lighting LED products (less than 1 watt, excluding 1 watt), such as 2835 LED, 3030 LED and 5630 LED, have an annual average market price growth of 2.1~4.4%; high-power lighting LED products (1 watts), such as ceramic substrate LEDs and 7070 LEDs, the average annual market price growth is as high as 3.0~6.0%. TrendForce predicts that lighting LED prices will become more stable in the first half of 2022.