NEWS

Global lighting project market forecast China is the largest potential stock

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Industry News
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2018/04/11

Europe

In July 2000, the European Union implemented the "Rainbow Plan" and set up the Executive Research Agency (ECCR) to support the promotion of the application of white LEDs through the EU's BRITE/EURAM-3 program and commissioned six large companies and two universities. The plan mainly promotes the growth of two important markets: First, high-brightness outdoor lighting, such as traffic lights, large outdoor signage, car lights, etc.; Second, high-density optical disk storage.

Japan

As early as 1998, Japan has begun to implement the “21st Century Light Plan” that promotes the development and industrialization of semiconductor lighting technology, and is one of the first countries in the world to initiate LED industry policy. Subsequently, the Japanese government has successively introduced a series of related policies to encourage and promote LED lighting, thus helping the Japanese market become the first country in the world to achieve LED lighting penetration rate of 50%.

In 2015, Japan’s Ministry of the Environment submitted a bill to the regular session of the Diet, which included, in principle, the prohibition of the production of batteries, fluorescent lamps and other products with excessive mercury content, which were passed at the Japanese Senate’s plenary session on June 12 of that year.

United States

In 2002, the U.S. federal government launched the National Semiconductor Lighting Research Program, the Next Generation Lighting Project (NGLl). The program is funded by the U.S. Department of Energy, and is jointly implemented by the Ministry of National Defense and the Optoelectronics Industry Development Association (OIDA). A total of 12 national key laboratories, companies, and universities participate. Subsequently, "NGLI" plans to incorporate the "Energy Act" of the United States, and receive a total of 50 million U.S. dollars in financial support for a total of 10 years each year to help support the U.S. leadership in the global LED industry in the field of LED lighting, and create the U.S. More high-tech, high value-added work opportunities.

Global Lighting Project Market Analysis

From the perspective of the global lighting engineering market scale, the global lighting engineering market scale will continue to increase from 2012 to 2017, especially in 2013 and 2015. In 2017, the global lighting engineering industry market reached US$264.5 billion, an increase of about 15% from 2016. With the continuous release of the Chinese market capacity, the future global lighting engineering market will continue to grow rapidly.

Global lighting engineering application structure analysis

From the perspective of the application of global lighting projects, home lighting accounted for 39.34%, a relatively large share; followed by office lighting, accounting for 16.39%; outdoor lighting and shop lighting were 14.75% and 11.48%, respectively, accounting for 10% the above. The market share of hospital lighting, architectural lighting, and industrial lighting is still below 10%, with a low level.

Global Lighting Engineering Regional Market Share

From the perspective of regional distribution, China, Europe and the United States are still the most important markets. China's lighting engineering market accounted for 22% of the world's total; European market accounted for about 22%; followed by the United States, with a market share of 21 %. Japan accounted for 6% of the total, mainly because of Japan's narrow homeland, and its penetration rate in the LED lighting industry is already approaching saturation, with a smaller increase than China, Europe and the United States.

Global Lighting Engineering Industry Trends

(1) Application trend: Landscape lighting will be highly valued by various countries. The potential of market space is huge, and the breadth of applications will be extended to more countries, such as Africa and the Middle East. Currently, the lighting engineering market in these areas has not yet been effectively developed; The depth of the application will be further penetrated into the agricultural field and other industrial fields, and the different engineering technologies that need to be solved in the field will also change.

(2) Product trends: The LED penetration rate will be further increased. Future lighting engineering products will be dominated by LEDs, and the level of information and intelligence will be higher.

(3) Technology Trends: International cooperation between lighting engineering companies will be strengthened. In the future, various countries' design processes and construction technologies will have a qualitative leap under the premise of continuous exchanges.

(4) Market trends: In the area of ​​LED lighting, the US market tends to be saturated, and the market will further converge to Asia, especially India, China and other countries with strong demand for lighting engineering.

Global Lighting Engineering Market Forecast

With the unremitting efforts of various major lighting engineering markets, the global lighting engineering market in 2017 reached a scale of approximately US$264.5 billion. In the future, major countries will continue to introduce policies to support the development of local lighting engineering companies, and the pace of going global to develop markets will continue to accelerate. The global lighting engineering market will continue to maintain rapid growth. By 2023, the global lighting engineering market will reach US$468.50 billion.