Jibang Consulting LED Research Center, the latest "2018 lighting package and LED lighting market outlook"display , The market scale of LED lighting will gradually increase from 2016 to 2019, the market scale of LED lighting will reach 32.717 billion US dollars in 2018 and 33.3 billion US dollars in 2019, and the replacement lighting has entered the saturation period. The industry, landscape outdoor and special commercial lighting continue development of.
According to LEDinside survey of the global stock of installed lighting products, LED lighting products, the rapid replacement of traditional lighting replacement, penetration rate of 22% in 2017, is expected to reach 63% in 2022, 2017 ~ 2022 LED lighting stock CAGR up to 26% .
In 2018, the output value of the lighting grade packaging market reached 7.16 billion U.S. dollars
The output value of the lighting grade packaging market has witnessed a year-on-year growth rate of more than 10% in 2017 with a projected growth rate of nearly 7.8% in 2018 to reach 7.16 billion USD. Replacement light sources such as bulbs and lamps are entering the saturation phase; CAGR for lighting products such as patio lights and commercial lighting products such as troffer, panel lights, filament lamps, etc. are still as high as 30%. 2016-2021 Lighting Class LED Packages Overall CAGR of 4%.
Light quality is still the focus of the market.High color rendering CRI LED CRI in more than 90 products are currently used in more high-end commercial lighting market for color reproduction and light quality is more critical, such as museum lighting, retail lighting, Food lighting, etc. The high color rendering LED market is currently relatively small, the global market size of about 330 million US dollars in 2017. However, the next few years as market demand warming, and packaging technology, is expected to show rapid growth.
2018 lighting market development of the three main axes - wisdom lighting, niche lighting, emerging national lighting
Spindle one: wisdom lighting
In 2017, the world's smart lighting industry has entered a period of rapid development with a market size of nearly 4.6 billion U.S. dollars, up 95% year-on-year. With the popularity of technologies and products and the popularization of related concepts, it is estimated that the industry will reach 13.4 billion U.S. dollars in 2020 Wisdom lighting the largest application areas, because of the digital features, intelligent lighting will bring more new business models and value growth in these two areas.
Spindle II: Niche lighting
LEDinside finishes the four niche lighting markets, including plant lighting, medical lighting, fishery lighting and maritime port lighting, with the United States and China market quickly pulling up the demand for plant lighting, plant construction and greenhouse lighting as the main driving force.
Spindle 3: Emerging countries lighting
In emerging countries, economic development drives infrastructure and urbanization, large commercial facilities and infrastructure and industrial areas to stimulate demand for LED lighting In addition, various national and local government energy-saving emission reduction policies such as energy subsidies, tax incentives, large Standard projects such as street light dress-up, renovation of residents and commercial areas, as well as the improvement of lighting product standard certification, are promoting the promotion of LED lighting, of which Vietnam and Southeast Asian markets in India and the fastest growing market.
Under the post-lighting era, lighting manufacturers development strategy analysis
First: the international lighting manufacturers due to the traditional lighting capacity is too high, although the gradual transformation of LED lighting, and LED lighting products have a very far-reaching planning, LED lighting revenue growth than the manufacturer's own share of the expected growth, it will accelerate the LED lighting business Innovation and Growth to Achieve Profitability. Representatives such as Philips Lighting, OSRAM Licht AG, GE (Current), LEDVANCE.
Second: the development of the region as the king of lighting manufacturers, referred to simply called the national team or Local King, with the support of the government, in terms of specifications, standards, tariffs and other ways to stop foreign firms, and to be policy incentives, subsidies, etc. To encourage local lighting manufacturers to rapidly develop their lighting products, representing the manufacturers of Acuity Brands, Panasonic, TOSHIBA, Feilo, Op Lighting and etc., to promote LED lighting penetration rate as high as 60% -70% in 2016.
Third: With the advantages of niche, especially channel advantages, technical assistance and access to emerging markets such as special lighting manufacturers, both light bulbs and lamps, can use LED lighting products from the very beginning, revenue contribution is quite adequate. On behalf of manufacturers such as Feit Electric, Iris Ohyama, etc., but revenue and profitability because of manufacturing costs are not competitive, the performance is declining year by year.
Fourth: the middle and upper reaches of the production or OEM business restructuring for the brand of enterprises, such as Mulinsen, CREE, sunshine, Rieter letter as the representative of China lighting manufacturers based on global lighting manufacturing and manufacturing the largest base of the Chinese market, leveraging on the production The scale of manufacturing costs, creating a Chinese lighting manufacturers have accumulated a solid foundation to enter the global market.
