“After entering the era of semiconductor lighting, I think China does have the opportunity to change the pattern of the global industry.†June 11th, LEDforum 2016 China International LED Market Trend Summit Forum hosted by LEDinside, China LED Network and Guangzhou International Lighting Exhibition, Mulinsen Executive General Manager Lin Jiliang said in his speech.
Big Data
The overall scale of the global lighting market will reach a market size of 128.7 billion US dollars by 2019, and the compound annual growth rate from 2014 to 2019 can reach 4.6% or more.
By product, the global lighting market can be divided into general lighting, automotive lighting and backlighting. Among them, general lighting is the main product, accounting for about 80% of the total global lighting market. The global general lighting market can be divided into traditional lighting and LED lighting. Its scale is expected to reach 104.6 billion US dollars by 2019, and the compound annual growth rate is expected to reach 5.3% from 2014 to 2019.
According to the terminal market, the global lighting general market can be divided into seven major markets: residential, office, outdoor, store, hotel, industrial and construction. The residential sector is the largest market, accounting for 38.4% of the overall market in 2014. Although the construction sector is The smallest market, but is expected to be the fastest growing end market.
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The global general lighting market will show several major trends in the future:
First, the market share of LED products has increased.
Second, the technology update is rapid.
Third, the average selling price of LED products declined.
Fourth, the number of market suppliers has increased. Mainly reflected in the downstream field, the middle reaches and the upstream are relatively concentrated.
5. The popularity of LED package lighting products in the general lighting market has increased.
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