China's LED lighting industry forms a complete industrial chain

China's LED lighting industry started in the 1970s. After more than 40 years of development, it has formed a relatively complete industrial chain including LED epitaxial wafer production, LED chip preparation, LED chip packaging and LED product application. At present, it has become one of the fastest growing countries in the LED lighting industry worldwide.

The industry is generally on the rise, LED general lighting is the main driving force of the market

Looking at the global economic situation, the world is still hard to show signs of recovery. Global trade is growing slowly, and the overall structure is in the stage of structural adjustment. However, China's LED lighting industry has maintained steady growth and is generally on the rise. In recent years, the overall scale of the industry has experienced a period of continuous growth with a high level of growth of more than 30% and entered a general slowdown period. The export growth rate of LED lighting products is still higher than the average export level of various industries across the country.

Industry Scale, Speed, and Average Profit Level: Analysis of Industry Size and Development Speed

LED lighting products are lighting fixtures made of light-emitting diodes as light sources. They are characterized by high efficiency, energy saving, environmental protection and easy maintenance. They are an effective way to achieve energy saving and emission reduction. In the context of global energy shortages, LED lighting will gradually become the mainstream product in the field of lighting, leading the revolution in lighting history after incandescent lamps and fluorescent lamps.

In recent years, the global LED market has grown rapidly, and has gradually replaced other lighting sources such as incandescent lamps and fluorescent lamps. The penetration rate continues to increase rapidly. In 2017, the global LED penetration rate reached 36.7%, up 5.4% from 2016, and is forecast to rise to 42.5 in 2018. %. With the rapid development of LED lighting technology, the performance indicators of LED lighting products such as stability, service life, intelligence, indexing, and light efficiency have gradually stabilized, reaching customer acceptance status, and product market applications continue to improve.