China's High Brightness LED Lighting Market Will Exceed 89 Billion In 2020

- Nov 25, 2019-

As the most advantageous new energy-saving lighting product, LED has become the key promotion product of

energy-saving lighting in the world. According to GGII, in 2018, the global LED market scale reached 435 billion

US dollars, and the global LED lighting penetration rate reached 42.5%; in 2018, the Chinese LED lighting market

scale reached 598.5 billion yuan, an increase of 12.5% year on year. The economic value and social value of LED

lighting have been explored continuously to promote the overall stable growth of high brightness LED lighting

market.


LED lighting can be divided into general luminance LED lighting (luminance & lt; 10mcd) and high luminance LED

lighting (luminance & gt; 10mcd). LED backlight, outdoor lighting, stage lights, building lights, airport lights, marine

lights all belong to the category of high brightness LED lighting. High brightness LED lighting is an integral part of

LED lighting applications. The rapid growth of global LED lighting market has promoted the continuous

development of high brightness LED lighting industry. According to the statistics of GGII, the market scale of high

brightness LED lighting in China reached 65.03 billion yuan in 2018, an increase of 15.6% year on year. Among

them, LED automobile lighting market scale is 26.3 billion yuan, with a year-on-year growth of 14.7%.


According to the analysis of GGII, China's rapid development of LED technology and continuous improvement of

intelligent control system will jointly promote the rapid growth of China's high brightness LED lighting market in

2019, and the market scale will exceed 76 billion yuan, up 17% year on year. By 2020, the market scale of China's

high brightness LED lighting will exceed 89 billion yuan.