LED lighting market penetration rate increases market growth potential

Since 2016, the LED industry has rebounded and the industry chain has started to increase in price. The supply end of the LED chip has been rapidly declining in the past few years, and the production capacity has been basically cleared. In addition, the number of new MOCVD equipment purchased by foreign manufacturers has slowed down, and the supply of LED chips has been significantly improved. Since 2016, the LED industry has rebounded and the industry chain has started to increase in price. The supply end of the LED chip has been rapidly declining in the past few years, and the production capacity has been basically cleared. In addition, the number of new MOCVD equipment purchased by foreign manufacturers has slowed down, and the supply of LED chips has been significantly improved. From the current situation, under the stimulation of the expansion of the LED general lighting market, the promotion of penetration rate, and the new market such as small-pitch display and automotive LED, the situation of the LED industry after shuffling is expected to continue. With the gradual release of new order equipment capacity in the second half of 2017, the LED industry's production capacity and production scale effect is further enhanced, and will continue to maintain the strong and strong trend in the future. LED chip manufacturers are mainly producing factories in China and Taiwan. After the fourth quarter of 2016, Jingdian reduced production by 25%. The MOCVD machine of the crystal power was reduced to 375 units. In 2017, as Chinese manufacturers continue to expand their production capacity, the output value of the global chip market will grow due to the increase in production by Chinese manufacturers. The proportion of China's global share will also increase to 50%. According to the data of the LED Lighting Industry Market Investment Analysis Report released by the Prospective Industry Research Institute, the LED lighting market will reach US$29.6 billion in 2016. In 2017, the LED lighting market will reach US$33.1 billion and the LED lighting penetration rate will reach 52%. Benefiting from the development of the regional lighting market, LED lighting in Europe accounted for 23% in 2016, followed by North America and China. In the future, the Asia-Pacific lighting market will grow at the fastest rate. Global LED lighting penetration rate continues to increase Report data also shows that in 2016 China's packaging output value reached 73.7 billion yuan, an increase of 14.33%, and with the LED application market, especially the LED lighting market recovery and strong demand in the niche market, it is expected In 2017, China's LED packaging market will reach 87 billion yuan, an increase of 16%. It is estimated that the scale of China's LED packaging will further increase to RMB 128.8 billion in 2020. In the next few years, the scale of China's LED packaging industry will maintain a growth rate of 13%-15%. The general lighting market includes LED lamps, energy-saving lamps, fluorescent lamps, high-pressure gas discharge lamps, halogen lamps, incandescent lamps and other LED lamps with small size, low power consumption, long life, non-toxic and environmental protection, etc., gradually from the field of outdoor decoration, engineering lighting Developed into home lighting, gradually replacing traditional lighting. With the promulgation of various LED lighting product policies in various regions, together to accelerate the elimination of incandescent lamps and the selection of LED light sources with higher luminous efficiency, the penetration rate of LED lighting products will be further improved in the future, and the LED product market has great growth potential. The "LED Lighting Industry Market Investment Analysis Report" issued by the Prospective Industry Research Institute elaborated on the overall development of the LED lighting market from various aspects such as market overview, industrialization progress, regional development, policy analysis, and key enterprises. Analyze the investment potential of LED lighting projects. For more questions, click on the online consultation to get one-on-one communication with the researcher.

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