The global LED lighting market reached US$29.9 billion in 2015

In recent years, with the continuous innovation of electric light source technology, China's electric light source industry has developed rapidly and the market scale has been increasing. It has become the production, processing and manufacturing center of the global electric light source lighting industry. The electric light source industry has been integrated and is currently concentrated in the Pearl River Delta and the Yangtze River Delta, becoming the world's largest regional base for electric light source industry.

The segmentation market of China's electric light source mainly includes incandescent lamps, ordinary fluorescent lamps, energy-saving lamps, LED lamps, etc. Among them, LED lighting is the third light source revolution after incandescent lamps and fluorescent lamps. It has energy saving, long life, wide application and many other applications. Advantage.

At present, the low-carbon economy is in the ascendant. In order to save energy, governments have issued policies prohibiting the use of traditional incandescent lamps. Australia stopped production in 2009 and banned the use of traditional incandescent lamps in 2010; the European Union banned the sale of 100 watts of traditional light bulbs in September 2009, and banned all traditional wattage bulbs since 2012; China is also phasing out incandescent lamps.

Elimination of incandescent lamps in major countries and regions around the world

As LED lighting replaces traditional lighting sources and the speed of lamps has increased, the market has grown steadily and market penetration has risen rapidly. In 2015, the global LED lighting market reached US$29.9 billion, with a penetration rate of 27.20%.

Global LED lighting market scale and penetration rate increase rapidly

It is estimated that by 2020, the global LED lighting market will grow at an average annual rate of 20.36%, with a penetration rate of 63.9%.

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