What do you think of the lighting market and trends

- Sep 06, 2018-

In recent years, the state has further increased the promotion of energy-saving lighting projects. The National Development and Reform Commission (NDRC) launched the "China's phasing out incandescent lamps and speeding up the promotion of energy-saving lamps", and proposed a roadmap and special plans for eliminating incandescent lamps and promoting energy-saving lamps in China, accelerating the transformation of Chinese incandescent lamp manufacturers and promoting the popularization of energy-saving lamps. With the advancement of technology, LED energy-saving lighting products are widely used.

According to the data from the Prospective Industry Research Institute's "LED Lighting Industry Market Prospects and Investment Analysis Report", the domestic market share of LED lighting products reached 32% in 2015, up 15% year-on-year. The output value increased from 120 billion yuan in 2010 to 424.5 billion yuan in 2015, with an average annual growth rate of more than 30%. In 2016, China's LED industry market reached 521.6 billion.

Green energy conservation and environmental protection is an important development trend of the LED lighting industry in the future, and the whole process of lighting system with high efficiency, energy saving, safe economy, effective management and environmental benefit is established. Green lighting project is the need to promote sustainable economic development, is a guarantee to improve the quality and level of lighting, and is an effective way to achieve energy conservation and environmental protection.