LED filament lamp market 5.6 billion market broke out

When it comes to filament lamps, businesses and consumers generally reflect "high prices." In fact, as LED filament lamps continue to make breakthroughs in various aspects of technology and the automation rate and production efficiency of LED filament lamps continue to rise, the LED filament lamp market is gradually booming. Meanwhile, the cost of materials, manufacturing cost and cost of sales continue to drop, starting Into the consumer acceptable range.

With the ban on the sale of incandescent lamps, filament lamps become its best and most perfect substitute. In recent years, the standardization of production has gradually increased. The output of filament lamps has also risen rapidly and market penetration has continued to expand.

With the ban on the sale of incandescent lamps, filament lamps become its best and most perfect substitute. In recent years, the standardization of production has gradually increased. The output of filament lamps has also risen rapidly and market penetration has continued to expand.

According to GAO Research LED Institute (GGII) statistics show that in 2016 the global LED filament lamp market size reached 2.9 billion yuan. It is estimated that in 2017, the global LED filament lamp market will reach 5.66 billion yuan, an increase of 95% over the same period of last year. With the improvement of the standardized production of filament lamps, the market demand will also continue to expand. GGII predicts that the global LED filament lamp market will grow at a compound annual growth rate of 47.7% in 2017-2020.

However, it is noteworthy that, due to the higher profit in foreign markets and the larger market space, domestic LED filament lamp enterprises have found that a large part of the domestic market sales target originally set has been realized in foreign markets. Therefore, LED filament lamp export market, has become the focus of attention of all enterprises.

According to the "Monthly Report on the Export of LED Filament Lights of China 2017" released by the GGII, the total export volume of LED filament lamps in China in the first half of 2017 was about 22.47 million U.S. dollars, an increase of 330% over the same period of last year; the export volume was about 1573 Million, an increase of 353%.