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Ggii: In The Next Few Years The Size Of China LED Lighting Market Maintain 15% Growth
Feb 02, 2018

Through nearly more than 10 years of high-speed development, LED lighting products are gradually replacing the traditional lighting products, become home, commercial, industrial, outdoor lighting the main, due to the LED lighting products cost-effective rapid upgrade, LED flood lighting product penetration rate is also increasing year by year. 2017 Global LED lighting penetration rate reached about 40%, LED lighting technology tends to mature. 

Compared with developed countries, China LED lighting enterprises have cost advantages, compared with other developing countries, China's led industry chain supporting complete, so China has become the global LED lighting production base. 

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LED Research Institute of Senior Engineers (GGII) data show that 2017, the global LED lighting market output value reached 536 billion yuan, of which, China's LED lighting production value of 296.9 billion yuan, the year-on-year growth of nearly 21%, the global share ratio reached 55.4%, LED lighting export scale of more than 20 billion U.S. dollars, an increase of more than 37% per cent, taking into account the global led illumination penetration still has doubled space, ggii expected that in the next few years China's LED lighting market size is still expected to maintain the market growth of around 15%, 2020 China LED lighting market size will reach 461.4 billion yuan.