LED lighting market growth rate continues to increase penetration rate continues to increase

According to the report data, the output value of domestic LED lighting applications in 2014-2016 was about 116.9 billion yuan, 156.6 billion yuan and 204 billion yuan, respectively. The growth rate was fast. The penetration rate of LED lighting products in the domestic market reached 42%, up 10% from 2015. With the development of network technology and communication technology, the concept and development of digital home concept, intelligent lighting as an important part of digital home has been valued by various intelligent manufacturers. Driven by a large number of multinational companies such as IBM, Microsoft, Haier, Samsung, Panasonic, and Siemens, the intelligent lighting industry is welcoming rapid development. In recent years, the state has further increased the promotion of energy-saving lighting projects. The National Development and Reform Commission (NDRC) launched the "China's phasing out incandescent lamps and speeding up the promotion of energy-saving lamps", and proposed a roadmap and special plans for eliminating incandescent lamps and promoting energy-saving lamps in China, accelerating the transformation of Chinese incandescent lamp manufacturers and promoting the popularization of energy-saving lamps. With the advancement of technology, LED energy-saving lighting products are widely used. In the context of the global energy shortage, the trend of LED intelligent lighting, according to the "LED lighting industry market prospects and investment analysis report" released by the Foresight Industry Research Institute, in 2016, the global LED lighting market has reached 34.6 billion US dollars, the same increase 15.80%, the market growth rate remains high, and it is expected to continue to maintain a strong growth trend. Global LED lighting market size (in millions of US dollars)

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