LED lighting market

- Feb 12, 2018-

Current situation and trend of LED lighting market.

With the continuous development of lighting energy saving technology, the main characters of traditional lighting market are being converted from incandescent lamps to LED, and the production of LED lamps in the world is expected to exceed 7 billion by 2020.According to LEDinside, a research firm, the penetration rate of global LED lighting will be about 39 per cent in 2017 and more than 50 per cent by 2019.

China is an important production base for LED lighting products, accounting for more than 80% of global production.China's LED lighting industry has been developing for several years, but the manufacturers with brand and channel advantages are the main market forces.