Langlada: 2022 China LED lighting market prospect and investment research forecast

18-08-2022

2022 China LED Lighting market prospect and investment research forecast

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After the rapid growth in the early stage of the LED lighting market in my country, the penetration rate has increased rapidly. The market share of LED lighting products in China will increase from 65% in 2017 to 80% in 2021. It is expected that the market share of China's LED lighting products will further increase in 2022, with a market share of 83%.


***LED lighting http://www.langladaled.com/products  industry development prospects

1. Policies support the development of the industry


The support of the national industrial policy is one of the most favorable factors to promote the development of my country's LED lighting application industry. The LED lighting industry has received high attention in my country. The state has given policy support in terms of capital, technology, industry norms, etc., and has successively formulated a number of policies that are beneficial to the development of the industry, which has greatly boosted the confidence in the development of the industry. The sustainable and optimized development of the industry has laid a solid foundation. For a long period of time in the future, the country's investment in the field of lighting will increase year by year, and the market size of the LED lighting industry will further expand.


2. Broad demand in overseas markets drives the development of the industry


China is the main supplier of LED light sources, driving power and LED application products in the world. Due to the low market penetration rate of overseas LED lighting products, the demand for LED lighting products in overseas markets is broad. As the largest exporter of LED lighting products, under the trend of accelerated penetration of LED lighting worldwide and expansion of market demand, the export market of China's LED lighting industry has a broad market demand space, which greatly benefits the development of Chinese LED lighting industry.


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3. Technological progress to promote the expansion of the industry in multiple fields


In recent years, LED lighting technology has made rapid progress on a global scale, overcoming the shortcomings of low luminous efficiency, high use cost and single color system in the early stage. In the application of mobile lighting equipment, LED lighting has the characteristics of low energy consumption, small size, impact resistance, and long battery life. At the same time, the development of LED epitaxial wafers, chips, packaging, drive circuits and related technologies in downstream applications has driven the price of LED light sources to drop, and has also promoted the wide application of LEDs in civil, commercial and industrial fields, which is expected to promote the development of the industry.

Langlada will also keep moving forward, using the latest technology, to make the best lighting products http://www.langladaled.com/products  .


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