Hottest 2010-2017 China's LED industry market size

The market scale trend of China's LED industry from 2010 to 2017

technology is a strong driving force to promote the rapid development of the LED industry, and it is also the foundation and strength for enterprises to stride onto the world stage. With the increasingly fierce competition in the market economy, the LED industry can get better development only by continuously promoting technological innovation. Looking back on 2017, many technologies in the LED industry have made breakthroughs, and the market scale of the LED industry is also constantly expanding

chart 1: top ten innovative technological achievements in the LED industry in 2017 (1)

source: the forward looking Industry Research Institute collated

chart 2: the top ten innovative technological achievements in the LED industry in 2017 (2)

source: the forward looking Industry Research Institute collated

Second, the growth rate of the market size of the global and domestic LED industry slowed down

from 2010 to 2015, the market size of the global LED industry showed a steady increasing trend, However, the growth rate has shown a downward trend in recent years. In the past five years, the year-on-year growth in 2012 was the largest, reaching 44.96%; In 2017, the market size of LED industry was about US $648.074 billion, with a year-on-year increase of 13.42%. Forward looking Industry Research Institute predicts that the growth rate of LED industry market scale will remain at about 12% in the next five years

Chart 3:2010-2017 global LED industry market size trend chart (unit: US $100 million,%)

source: sorted out by forward looking Industry Research Institute

2010-2017, China's LED industry market size showed a rapid growth trend. In 2017, the industry scale was 522.8 billion yuan, with a year-on-year increase of 14.24%, and the industry grew rapidly. It is predicted that China's LED industry is closely related to the world, and the growth rate will further slow down in the future, which is estimated to remain at about 13%

chart 4:2010-2017 China's LED industry market size trend chart (unit: 100 million yuan,%)

source: the forward-looking Industry Research Institute collates

III. The current application of global LED products is mainly equipment, and the future is mainly lighting

LEDs can only be used as indicator lights before the 1990s. After the 1990s, the development of bright InGaAlP quaternion red, yellow light and GaN Blue and white light devices has been successful, LED applications begin to change from indication to illumination. The main application fields include LED display, traffic lights, landscape lighting, applications, automotive lights, LCD display backlight, general lighting, etc

at present, LED products are widely used in industry and are the most important application field of LED products, accounting for about 31% of the total market demand. Generally, 10-20 LED products are required for each one, which are respectively used in keyboard and display screen (4) key areas, watershed areas, clean production, steady improvement of water safety, backlight and photoflash. With the development of plastic recycled particles industry. The penetration rate of LED products in the market has stabilized. In the future, the growth space of LED products will smell this kind of smell, which will only aggravate carsickness, which is directly affected by sales

Figure 5: distribution of global LED lighting application fields (unit:%)

source: prepared by forward looking Industry Research Institute

since 2014, the main growth driver of the global LED industry growth has come from lighting applications, accounting for 50%. The progress of LED lighting technology and the decline of price make it a reality for led to enter the lighting field. In 2017, the LED bulb price of Philips, a major international lighting manufacturer, further fell to $5-7, and OSRAM also used a price lower than $7 to seize the market. As the luminous efficiency is higher than that of energy-saving lamps, the price is lower than that of energy-saving lamps, and the service life is longer than that of energy-saving lamps, LED lighting products have become a powerful substitute for energy-saving lamps. Facing the downward trend of price, led enterprises all over the world are looking for subdivisions to make efforts. Key enterprises move towards the high end of the value chain, strengthen innovative research and development in automotive lighting, plant lighting, intelligent lighting and other subdivisions, and provide alternative lighting solutions for different application environments

moreover, the global plan to phase out and ban incandescent lamps has entered a critical period. From the perspective of time nodes, the main countries and regions that will phase out incandescent lamps in 2013 will enter the window period of 75W, 60W and 40W phase out; In terms of coverage, the United States, Canada, Mexico, Brazil, Argentina, the United Kingdom, Australia, the European Union, Japan, South Korea, China and other countries and regions have entered the prohibition and elimination period of incandescent lamps, which greatly stimulated the replacement and use of new light sources in 2014 and accelerated the promotion of LED lighting. The United States, the European Union, South Korea, Japan, China and other countries have put forward the replacement schedule of LED lighting products. South Korea proposes to ensure that led lighting products enter 30% of the general lighting market in 2015; Japan proposes that the replacement rate of LED lighting will be 50% in 2015 and 100% in 2020. The gradual revision and improvement of LED certification and standards made LED lighting enter a critical period of development in 2014, and policy promotion became a favorable guarantee for the development of LED industry

on the whole, replacing traditional bulbs will be the largest application market of LED lighting in the next few years. In 2017, the global LED lighting penetration rate reached 36.7%; It is predicted that the penetration rate of LED lighting in China will reach 60% - 70% in 2020. The product structure has gradually entered general household lighting from outdoor lighting and commercial lighting, which has become the main driving force for the rapid growth of the LED industry. From the perspective of individual applications, including display lighting, commercial and industrial lighting, outdoor lighting, indoor lighting, bulb replacement, etc., will be the most important application market of LED lighting in the next few years