![<?echo $_SERVER['SERVER_NAME'];?>](/template/twentyseventeen/skin/images/header.jpg)
Policy support from major global countries and a decline in LED costs are bound to trigger an explosion in the LED general lighting market. The LED lighting market is a large market of 100 billion yuan, which is expected to enable the industry to maintain a 3-4 year cycle opportunity.
Downstream LED lighting applications mainly include backlighting, landscape display, general lighting (street lights, commercial lighting, civil lighting). General lighting also includes lighting for residents, office buildings, shopping malls, hospitals, outdoor, industrial, and agricultural. The general lighting market is huge. According to McKinsey Consulting's forecast, the global lighting products market will reach US$95 billion in 2011 and will grow to US$130 billion by 2020. The largest share of the lighting market is general lighting, which reached in 2011. 710 billion US dollars, and it is predicted that until 2020, the general lighting market will have a compound growth rate of 3-6.
According to data from McKinsey Consulting, the penetration rate of LEDs in general lighting in 2011 will be around 12, the penetration rate will reach 43 in 2016, and the penetration rate will be 64 in 2020. We can calculate that the scale of LED general lighting market in 2011 is about 85. In 2016, the figure will reach about 40 billion US dollars (200 billion yuan), and in 2020 it will be a huge market of about 69 billion US dollars. LED penetration in the general lighting market is still low, LED has a huge room for growth in the general lighting market, and the next three to four years will be the fastest gold development period for LED penetration in the lighting market.
Ruian Ouyu Engine Parts Co.,LTD , https://www.moerwiper.com