Development Status and Market Forecast of China's LED Lighting Industry in 2018
China's LED penetration rate continues to increase, driving the rapid development of the market. The scale of China's LED lighting industry has expanded from 7.8 billion yuan to more than 255 billion yuan, and the CAGR in 2009-17 was as high as 54.62%. The rapid expansion of the LED general lighting market is mainly due to the expansion of the general lighting industry and the improvement of the penetration rate of LED lighting. LED lighting penetration The rate rose from 0.6% in 2010 to 42% in 2016. We believe that with the support of LED lamps and the improvement of energy-saving requirements, the substitution effect of LED on traditional light sources is expected to continue to be released, LED penetration rate will continue to increase, and the LED general lighting industry will continue to maintain rapid growth.led bulb light
National policies and energy-saving needs continue to push LEDs to replace traditional lighting. 19% of the world's electricity consumption is used in lighting, and currently only 3/4 of the lighting equipment in global public buildings do not have energy-saving performance. If these old lighting equipment can be replaced with energy-saving lighting equipment, then Can save 40%-70% of electricity. The Chinese government's restrictions on incandescent lamps and support for LED lights have driven the development of the LED market. In 2011, the National Development and Reform Commission issued the "China's phasing out the incandescent lamp road map". Starting from 2011, every two or two years is a stage. Starting from the prohibition of import and sales of high-power incandescent lamps, the wattage of the banned sales is reduced in turn, and finally it is completely The purpose of the ban.led tube light
LED technology is gradually maturing, the price of LED light source is steadily declining, and the comprehensive replacement can be accelerated. With the continuous maturity of LED technology, LED lighting efficiency has been increasing, from 20lm/W in 2003 to 160lm/w in 2016, which is 6-10 times that of incandescent lamps, about twice that of fluorescent lamps, and the angle of illumination is only One-third of fluorescent lamps, generally 18W LED tubes can replace 42W traditional fluorescent tubes, 7W bulbs can replace 50W incandescent lamps, and the service life is much longer than traditional lamps, replacing traditional lamps with higher efficiency. The power-saving effect is more obvious. On the other hand, the price of LED light source has also steadily declined. Now it has fallen to the price of traditional lamps, and there is no resistance to replacement. LED accelerated replacement has begun.led flame light
It is predicted that the LED general lighting market will still maintain a growth rate of around 20%. In July 2017, the national “13th Five-Year Development Plan for Semiconductor Lighting Industry” was released. According to the planning requirements, by 2020, the overall output value of the semiconductor lighting industry should reach 100 billion yuan, and the sales of LED lighting products account for 70% of the total sales of the lighting industry. Based on this, we assume that the overall market size of China's LED lighting industry will reach 100 billion yuan in 2020, and the penetration rate of LED lighting industry will reach 70%. At the same time, based on the fact that LED general lighting accounts for a gradual increase in the LED application market and LED applications account for the gradual increase of the overall LED market size, it is expected that the scale of China's LED general lighting market will reach 445.2 billion yuan in 2020.
The penetration rate of LED lighting will continue to rise, and the penetration rate is expected to reach 70% by 2020. In addition, the replacement period of LED lamps is about five years. In 2012, China officially began to implement the policy of disabling incandescent lamps. The LED lighting market is expanding rapidly, and the first update cycle is in 2018. It is expected that the replacement of lighting fixtures in the future will still bring Market space. In addition, the renovation of second-hand housing will also provide incremental demand for the lighting market. It is generally believed that there will be a round of renovation needs in the old house for about ten years, and the scope of the ten-year period will be expanded by 20%. From 2005 to 2009, during the period of rapid development of China's real estate during this period, the commercial area sales area CAGR was 14.3%, 2018. From the beginning of the year, the first wave of renovation will be ushered in, which will provide support for the sustainable development of LED lighting in the future.
Dalian Xinghai Technology Co., Ltd.