Analysis of China's LED lighting industry development status and industry development prospects in 2021

　　LED lighting is light-emitting diode lighting, which is a semiconductor solid light-emitting device. It uses a solid semiconductor chip as a luminescent material. In the semiconductor, the excess energy is emitted by the recombination of carriers to cause photon emission, which directly emits red, yellow, blue, and green light. On this basis, the principle of three primary colors is used. Add phosphor to emit light of any color. The luminaire manufactured by using LED as the light source is the LED lamp. Among LED lighting fixtures, reflective LED lighting fixtures can be fully qualified for any occasion.

　　1. Current status of industry development

　　(1) The market scale of the industry has further increased

　　 China is the largest manufacturer of LED lighting products. With domestic LED lighting The market penetration rate has rapidly risen to more than 70%. LED lighting has basically become a rigid demand for lighting applications. The domestic LED lighting market has shown a momentum of faster growth than the global average. According to statistics, the output value of China's LED lighting market has grown from 301.7 billion yuan in 2016 to 526.9 billion yuan in 2020, with an average annual compound growth rate of 14.95%. It is estimated that China's LED lighting market will reach 582.5 billion yuan in 2021.

　　(2) The penetration rate of domestic LED lighting has greatly increased

　　 According to the National Semiconductor Lighting Engineering Research and Development According to the statistics of the Industry Alliance (CSA), the domestic market penetration rate of China’s LED lighting products (the domestic sales volume of LED lighting products/the total domestic sales volume of lighting products) has increased from 42% in 2016 to 78% in 2020. The industry is developing rapidly. The market scale has further increased.

　　From the perspective of product supply, China is the world's factory in the global LED lighting product industry chain, and the main supplier of LED light sources, driving power supplies and LED application products in the global market. As the market penetration rate of overseas LED lighting products is still at a relatively low level, the potential space for overseas market demand is still very broad. As the largest exporter of LED lighting products, the export market of China's LED lighting industry has a broad market demand space under the trend of accelerated penetration of LED lighting worldwide and accelerated expansion of market demand.

　　(2) The update iteration speed of related technologies is faster, and the market is more active.

　　 In recent years, LED chip technology and manufacturing process, LED light source manufacturing and manufacturing technology of supporting industries The update iteration is rapid. Taking LED light source as an example, the luminous efficiency of commonly used LED light sources has grown from the level of about 40-60lm/W in 2004 and 2005 to the level of 190lm/W now.

　　 With the continuous update and iteration of product technology, the incremental market for updates continues to increase, creating fully active market opportunities. At the same time, compared with traditional lighting products, LED lighting products have the characteristics of high luminous efficiency and energy efficiency ratio, stable and durable, dimmable, and easier to intelligently control. In addition to traditional lighting applications, smart light poles, plant lighting, Emerging application fields such as UVLED and visible light communication are also increasing. The continuous expansion of their application fields is increasingly bringing new market demand growth points and further expanding the market scale.