Lighting industry scale and LED lighting market in-depth analysis

As the world's most populous and fastest-growing country, China's LED lighting applications have a huge market potential. At the same time, due to China's consumption level and environmental protection awareness, the promotion of LED lighting applications in China is still lagging behind that of developed countries. Except for outdoor lighting such as street lights and tunnel lights, the market potential and scale of indoor lighting applications have the greatest potential. Quite limited.

China's lighting demand is huge. In 2012, the mainland market demand for incandescent and energy-saving lamps reached 1.176 billion and 1.269 billion respectively, and the compound annual growth rate in 2007-2012 reached 7.59%. The market demand for direct fluorescent lamps was 8.3. The market demand for 100 million circular fluorescent lamps is 800 million, and the market demand for tungsten halogen lamps is 755 million. These traditional lighting sources and lamps are the target replacement markets for LED lighting fixtures. With the improvement of the cost performance, LED lighting fixtures will gradually enter these market areas, bringing huge market development space for them.

China's lighting industry has a solid foundation and is the world's largest producer of lighting sources and lamps. According to the statistics of the China Lighting Association, in 2012, the country produced 3.8 billion incandescent lamps and 6.69 billion fluorescent lamps, including 1.83 billion direct fluorescent lamps, 1.8 billion circular fluorescent lamps, and 4.43 billion CFL lamps. . In 2012, the country produced 174 million HID lamps, of which 56 million were high-pressure mercury lamps, 54 million high-pressure sodium lamps, and 63 million metal halide lamps.

At the same time, the consumption of lighting fixtures in China is mainly provided by domestic production companies. The share of imported products in China is less than 5%, and nearly 70% of domestic production is exported. The good lighting industry foundation not only provides a reliable product supply for the application of LED lighting in the mainland market, but also provides a very good support for the LED lighting industry in China to increase the cost performance of LED lighting through the scale effect.