LED lighting market status and trends
With the continuous development of energy-saving lighting technology, the main foot of the traditional lighting market is being converted from an incandescent LED, it is estimated that by 2020, the global LED lamp production will surpass 7 billion. Data from LEDinside, a research institution, shows that penetration of global LED lighting in 2017 is about 39% and will exceed 50% by 2019.
China World's major consumer base of LED lighting products, production accounted for more than 80% of global production. China LED lighting property for several years, the vast number of, but with the brand, channel manufacturers is the disadvantage of the market.