China's high-brightness LED lighting market will exceed 89 billion in 2020
2019-04-28

In 2019, China's high-brightness LED lighting market grew rapidly, and the market size will exceed 76 billion yuan, a year-on-year increase of 17%.


As the most advanced new high-efficiency energy-saving lighting products, LED has become the key promotion product of energy-saving lighting in the world. According to the data of the High-tech Research Institute LED Research Institute (GGII), the global LED market reached US$435 billion in 2018, and the global LED lighting penetration rate has reached 42.5%. In 2018, China's LED lighting market reached RMB 598.5 billion, up 12.5% year-on-year. . The economic and social value of LED lighting is constantly being explored, promoting the overall steady growth of the high-brightness LED lighting market.


LED illumination is classified into general brightness LED illumination (luminance <10mcd) and high brightness LED illumination (luminance > 10mcd) according to luminosity. LED backlights, outdoor lighting, stage lights, architectural lights, airport lights, and marine lights are all categories of high-brightness LED lighting. High-brightness LED lighting is an indispensable part of LED lighting applications. The rapid growth of the global LED lighting market has promoted the continuous development of high-brightness LED lighting industry. The high-tech LED research institute (GGII) statistics show that in 2018 The market size of China's high-brightness LED lighting fixtures reached 65.03 billion yuan, a year-on-year increase of 15.6%. Among them, the LED automotive lighting market scale was 26.3 billion yuan, a year-on-year increase of 14.7%.


According to the analysis of GGII, the rapid development of China's LED technology and the continuous improvement of intelligent control systems will jointly promote the rapid growth of China's high-brightness LED lighting market in 2019. The market scale will exceed 76 billion yuan, a year-on-year increase. 17%. By 2020, China's high-brightness LED lighting market will exceed 890 billion yuan.


The High-tech Research Institute LED Research Institute (GGII) combined with the actual investigation of the national high-brightness LED lighting companies, compiled the '2019 China high-brightness LED lighting industry market research report', the report on China's high-brightness LED lighting industry Detailed analysis and forecasting of industrial policies, investment risks, and investment prospects. The High-tech Research Institute LED Research Institute (GGII) hopes to provide accurate and informative reports for investors, industry insiders, securities companies and those who want to learn about China's high-brightness lighting industry through actual research.


Source: High-tech LED