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In 2018, China's LED intelligent lighting market reached 38.7 billion

  • Author:Innotech
  • Source:Innotech
  • Release on:2018-10-29
Compared with traditional light sources such as incandescent lamps and fluorescent lamps, LED lighting has advantages in energy saving, environmental protection, service life, color, volume, and reaction time. After years of development and industrial integration, China's LED lighting industry has gradually grown. Step into maturity.

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In 2018, the scale of China's LED lighting market will increase by 15% year-on-year to 419.5 billion yuan, with a compound growth rate of 15.20% from 2018 to 2020 and a market size of 557.4 billion yuan in 2020.

Intelligent lighting system can collect users, environment and other information through various sensors, and analyze data, and then adjust LED lighting equipment. This intelligent lighting with integrated digitalization and energy saving is becoming the focus of future industrial development.

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The rapid rise of the domestic Internet of Things industry has also played a catalytic role in domestic LED intelligent lighting. The domestic LED lighting industry is gradually maturing, and the industry's profit margin is also declining year by year. In order to increase the added value of LED lighting products and obtain higher profit margins, domestic LED lighting companies have been involved in LED intelligent lighting and intelligent lighting. It directly promotes the rapid development and popularization of LED intelligent lighting.

The data shows that in 2017, with the development of technology, mature products, active promotion of manufacturers, and popularization of concepts related to smart lighting, China's smart lighting market has entered a stage of rapid development, with a market size of nearly 26.4 billion yuan and an annual growth rate of 80%.

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I expect that the domestic LED intelligent lighting market will grow by 46.6% year-on-year in 2018, reaching 38.7 billion yuan. In the next few years, the domestic LED intelligent lighting market will maintain rapid growth. In 2020, China's smart lighting scale will reach 83 billion yuan.