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What signals have been released by the latest market research of LED lighting? Sword refers to the intelligent lighting market!

Author : Crownda.LED

Update time : 2021-09-05 15:34:00

What signals have been released by the latest market research of LED lighting? Sword refers to the intelligent lighting market!

LED lighting market demand tends to be segmented and specialized.

According to research, the global LED smart lighting market will be worth 10.85 billion U.S. dollars in 2020, and by 2028, it is expected to reach 46.9 billion U.S. dollars. The market growth is attributed to the demand for smart cities and the implementation of energy-saving LED lighting systems.

Smart lights LED can be connected via Wi-Fi, Bluetooth, etc., and dimmed as needed. In addition to lighting, these extensive functions, coupled with the increasing popularity of IoT devices and smart assistants, create a market growth path for smart LED lighting .

The rapid replacement of traditional lamps with LED smart lights is a general trend. Market leaders are focusing on manufacturing smart lighting LED products at reasonable prices. Technological innovation has helped to quickly reduce product prices and increase the penetration rate of smart lighting LED in the global market. This will enable mass adoption.

At present, the market demand for LED lighting fixtures (including street light, solar street light LED, flood led light, high bay lighting led, high pole light, LED dawnlight, canopy lighting, washer LED light, tunnel led light and other indoor led lighting luminaries) in my country is trending towards segmentation and specialization, and the market segment is also developing towards sub-segmentation. In this context, LED products and services must also be transformed and upgraded in line with market demand.

In terms of supply, the overall output value of our country's LED lighting industry has exceeded 700 billion yuan, and the output value of all links has basically remained stable. From a demand perspective, the apparent consumption of our country's LED lamping industry has been increasing year by year, and the production-sales rate has also been steadily maintained at around 46%, and the demand has not yet shown signs of weakening.

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