The scale of China's functional lighting industry has reached 382.5 billion yuan in 2020

Functional lighting is mainly for the purpose of satisfying people's visual work. It is a kind of general lighting. Generally speaking, the amount of engineering is large and the gross profit margin is low. From 2013 to 2019, China's functional lighting market achieved rapid growth, from 132 billion yuan in 2013 to 340.8 billion yuan in 2018, with an average annual compound growth rate of 20.8%. In 2019, the market scale of the industry will further expand, reaching about 382.5 billion yuan.

Functional lighting field mainly includes road lighting, tunnel lighting, rail transit lighting, city lighting, etc. Among them, road lighting occupies most of the country. According to data released by China Lighting Network in conjunction with China Caizhao.com, there were 20,865 tender messages released in 2018 with road lighting as keywords, which also showed a significant growth trend. In 2019, the number of industry projects is still growing, and the number of projects has reached about 24,178.

Among them, East China is still the main bidder, accounting for 40%. Among them, the number of tenders in Jiangsu is still ranked first, far exceeding Zhejiang and Shandong, which are ranked second and third. In addition, Guangdong, Guizhou, Henan, and Hebei are also closely followed, and they are also relatively active.

At present, LED lighting products gradually began to replace ordinary lighting products. LED lighting meets the requirements of China's low-carbon economic development, and is also the only way to achieve green lighting throughout the industry. Therefore, the penetration rate of LED lighting products is gradually increasing. In the future, it will be very likely to completely replace lighting products. Especially in the past two years, the application of smart lighting systems and multi-functional light poles has promoted the replacement speed of LED street lights. In 2018, there were 8452 LED street lamp procurement project information, a relatively small increase; in 2019, the number of LED street lamp bidding procurement projects was about 9430.

From a regional point of view, Zhejiang surpassed Jiangsu to rank first in LED street lamp procurement information, Guangdong ranked second, and Jiangsu and Guizhou tied for third place, regardless of autumn.

Overall, with the continuous maturity of LED lighting technology, coupled with its high efficiency, safety, energy saving, environmental protection, long life and other characteristics, LED street lights have replaced traditional street lights has become a trend.