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What are the development characteristics of the global LED industry?
Category: Industry News       Time: November 28,2017  
In 2015, while responding to the challenges of the global energy crisis and the gradual deterioration of the environment, my country is also committed to strengthening the adjustment of the industrial structure, promoting energy conservation and emission reduction, and transforming the development mode. Semiconductor lighting has gradually established an important position in the lighting industry due to its superior performance and high-efficiency green characteristics. With the rise of emerging applications such as the Internet of Things, the trend of intelligence is accelerating, providing a major opportunity for the development of the LED industry.
 
Global LED lighting application market segmentation
 
Due to the promotion of alternative light sources and the global incandescent lamp replacement boom, the global LED lighting market grew rapidly in 2014. However, in 2015, due to the sharp drop in prices of alternative light source products (including tubes and bulb lamps), product profits were not as expected. Makes the LED lighting market insufficient growth momentum. The growth of the LED lighting market has slowed down. In 2015, the global LED lighting market was US$25.7 billion, an increase of 44% year-on-year, and the LED lighting market penetration rate reached 31%. It is expected that the growth of the global LED lighting market will gradually stabilize from 2016 to 2018, some alternative light sources have been replaced, and the market growth rate has stabilized at about 20%. Lighting companies began to shift their focus to professional lighting, such as commercial lighting, engineering lighting and architectural lighting.
 
The global LED industry presents the following development characteristics: First, the LED lighting application market is segmented. Facing the downward trend in the price of LED lighting products, global LED companies are looking for subdivisions to make efforts. Key enterprises are moving towards the high end of the value chain, strengthening innovative research and development in sub-fields such as industrial lighting, automotive lighting, plant lighting, and smart lighting, and providing alternative lighting solutions for different application environments. For example, in 2015, the global LED industrial lighting market will reach 2.366 billion U.S. dollars and is expected to reach 3.935 billion U.S. dollars in 2018, with a compound annual growth rate of 18.5%. In the industrial field, LED ceiling lights account for the largest proportion of lighting products. At present, major global LED companies have entered this field, such as General Electric and Cree, Toshiba, Iwasaki Electric, etc.
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