LED lighting penetration continues to increase

According to the Technavio report "Global General Lighting Market 2015-2019", the global general lighting market in 2014 was 80.7 billion US dollars, and in 2015 it was 84.9 billion US dollars, up 5.2% year-on-year. With the future development of the global economy and the further development of urbanization in developing countries, Technavio expects the global general lighting market to exceed 100 billion US dollars in 2019, with an average compound annual growth rate of 5.2% from 2014 to 2019.

The general lighting market can be divided into two parts: traditional lighting and LED lighting. Benefiting from the traditional government policy of limiting lighting and the energy saving and environmental protection characteristics of LED technology, LED lighting is rapidly replacing the traditional lighting market. In terms of market size, the global general lighting market using traditional technology in 2014 was US$56.5 billion, and in 2015 it was US$55.9 billion, down 1.07% year-on-year. It is expected that the size of the traditional technology general lighting market will further shrink to US$39.8 billion in 2019. The average annual compound growth rate in 2014-2019 is -6.8%. In 2014, the global general lighting market using LED technology was US$24.1 billion, and in 2015 it was US$28.9 billion, up 19.92% year-on-year. It is estimated that the LED technology general lighting market will be US$64.8 billion in 2019, with an average annual growth rate from 2014 to 2019. The rate is 21.87%.

In the global LED lighting market, the demand in the Chinese market is particularly strong. According to Technavio and CSA data, the scale of China's LED lighting market in 2015 was 156.6 billion yuan, accounting for more than 30% of the global market; according to CSA data, China's LED lighting market 2016-2017 market The scale was 204 billion yuan and 255.1 billion yuan respectively, with a year-on-year growth rate of 30.3% and 25% respectively, maintaining a sustained growth momentum.

In recent years, with the improvement of LED luminous efficiency, the gradual reduction of comprehensive cost, and the government's vigorous promotion of energy-saving policies, LED general lighting has ushered in a super-fast development period. China's LED lighting market penetration rate is only 1% in 2011 within a few years. Increased to 42% in 2016. The global LED lighting penetration rate, from 2.9% in 2010 to 31.3% in 2016, it can be seen that although the LED lighting in China started slightly later than the global average, the development speed in recent years is higher than the global average.