The market scale of the global LED lighting industry will approach 800 billion in 2021

Benefiting from the promotion and support of the policies of various countries around the world, the LED market has made considerable progress, and the global LED lighting penetration rate has shown an accelerated growth trend. According to the statistics of GGII, the global LED lighting penetration rate has reached 45.3% by the end of 2018.

The market scale of the global LED lighting industry will approach 800 billion in 2021

While the global LED lighting penetration rate is further increasing, the global LED lighting market is also showing a good momentum of rapid growth. According to GGII, the global LED lighting output value reached 601 billion RMB in 2018, an increase of 12.1% year-on-year; it is expected that by 2021, the global LED lighting industry output value is expected to exceed 798 billion RMB.

In recent years, LED chip technology and manufacturing process, LED light source manufacturing and production and manufacturing technology of supporting industries have been updated and iterated rapidly. With the continuous update and iteration of product technology, the incremental market for new generations continues to increase, creating fully active market opportunities.

For more information, please refer to the "Research Report on China’s LED Lighting Industry Market Prospects and Investment Opportunities for 2020-2025" issued by the China Commercial Industry Research Institute. At the same time, China Commercial Industry Research Institute also provides industrial big data, industrial planning and planning, and industrial park planning and planning. , Industrial investment and other solutions.

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