China's LED intelligent lighting market will reach 38.7 billion in 2018


Compared with traditional light sources such as incandescent lamps and fluorescent lamps, LED lighting has advantages in energy saving, environmental protection, service life, color, volume, and reaction time. After years of development and industrial integration, China's LED lighting industry has gradually grown. Step into maturity. GGII expects that China's LED lighting market will grow by 15% year-on-year in 2018, reaching 419.5 billion yuan, with a compound growth rate of 15.20% from 2018 to 2020, and a market size of 557.4 billion yuan in 2020.

Intelligent lighting system can collect users, environment and other information through various sensors, and analyze data, and then adjust LED lighting equipment. This intelligent lighting that integrates digitalization and energy saving is becoming the focus of future industrial development. The rapid rise of the domestic Internet of Things industry has also played a catalytic role in domestic LED intelligent lighting. The domestic LED lighting industry is gradually maturing, and the industry's profit margin is also declining year by year. Domestic LED lighting companies such as Op Lighting, Sanxiong Aurora, and NVC Lighting are all involved in LED intelligence in order to increase the added value of LED lighting products and obtain higher profit margins. Lighting smart lighting, the investment of these LED lighting companies has also directly promoted the rapid development and popularization of LED intelligent lighting.

The data of the High-tech Research Institute LED Research Institute (GGII) shows that in 2017, with the development of technology, mature products, active promotion of manufacturers, and popularization of concepts related to smart lighting, China's smart lighting market has entered a stage of rapid development, with a market size of nearly 26.4 billion yuan. The growth rate is 80%. GGII expects that the domestic LED intelligent lighting market will grow by 46.6% year-on-year in 2018, reaching 38.7 billion yuan. In the next few years, the domestic LED intelligent lighting market will maintain rapid growth. In 2020, China's smart lighting scale will reach 83 billion yuan.

The High-tech Research Institute LED Research Institute (GGII) combined the actual investigation of the upstream LED intelligent lighting enterprises in the country, and compiled the '2018 China LED Intelligent Lighting Industry Research Report', reporting on China's LED intelligent lighting packaging, applications, controllers, Detailed analysis and forecasting of enterprises, 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 the LED intelligent lighting industry through actual research and research.

 Source: High-tech LED