Analysis Of Application Fields And Market Overview Of LED Lighting Industry

LED lighting industry

ⅠLED overview

LED is the abbreviation of "Light Emitting Diode", which is translated into "light-emitting diode" in Chinese. It is a new type of semiconductor light-emitting element. Its light-emitting principle is based on the special photoelectric effect of semiconductor materials. Depending on the semiconductor material, it can be made to emit light of different wavelengths and thus display different colors. The early LED light source emitted a single color and low luminous efficiency, which limited the application range of LED. At present, with the development of materials and technologies, LED light colors basically cover all common colors, and the luminous efficiency is also greatly improved, which can meet the brightness requirements of daily lighting. Compared with other main light sources, LEDs have the advantages of low voltage drive, low energy consumption, long life, small size, fast response, and high color purity, and are widely used in display and general lighting fields. TOPPO Lighting focuses on and is deeply engaged in the field of industrial and commercial lighting for more than 14Yrs.

ⅡThe development history of LED in the field of lighting

Since Edison invented and widely used incandescent lamps for electric lighting in the 19th century, lighting equipment in human society has experienced three important development stages. The representative light sources of these three stages are fluorescent lamps, high-intensity gas discharge lamps and LED lamps. Due to the special use environment of high-intensity gas discharge lamps, the places used are generally industrial, public lighting and some other special places, so the light sources widely used in daily life are incandescent lamps, fluorescent lamps and LED light sources.

The first LED with modern significance was born in the 1950s, and the first commercial LED was a red-emitting gallium arsenide semiconductor compound developed by the joint laboratory of GE, Monsanto, and IBM in 1962. Since then Visible light LED has entered the commercial development process. In the mid-to-late 20th century, the research on semiconductor materials continued to deepen, making LED light sources more diverse in color. After entering the 21st century, breakthroughs have been made in ultra-bright LEDs of various colors, their luminous efficiency has increased by nearly 1,000 times, and the chromaticity covers all colors in the visible light band. LED lighting has a relative advantage over fluorescent lighting, and its application fields span to the market of high-efficiency general lighting sources. Due to the excellent characteristics of energy saving and environmental protection of LED lighting products, governments of various countries have begun to introduce relevant favorable policies one after another to eliminate traditional lighting products and promote LED lighting products. Developed countries such as Europe and the United States took the lead in promulgating a series of bills to eliminate incandescent lamps in the early 21st century. Most of the market vacancies caused by the elimination of traditional lighting products will be filled by LED lighting products. Therefore, it shows that the prospect of LED lighting is very impressive.

ⅢMarket Analysis of Global LED Lighting Industry

As the most advantageous new type of high-efficiency energy-saving lighting products, LED lighting products are the key promotion products of energy-saving lighting all over the world. Previously, due to the higher price of LED lighting products compared to traditional lighting products, its market penetration rate has been at a low level. As countries around the world pay more and more attention to energy conservation and emission reduction, the improvement of LED lighting technology and the decline in prices, as well as countries have successively introduced favorable policies to ban the production and sale of incandescent lamps and promote LED lighting products, the LED lighting market has grown rapidly, and the product penetration rate has continued to rise. promote.

In 2012, the global LED lighting market size was US$6.7 billion. According to TrendForce, the global LED lighting market size will reach US$69.5 billion in 2022, with a compound growth rate of about 45.73%. At the same time, the rapid development of LED lighting products has led to a steady increase in the penetration rate of LED lighting products, rising from 6.60% in 2011 to 31.30% in 2022. According to the forecast data of China Industry Information Network, the scale of the global LED lighting industry will reach US$72.1 billion in 2020, and the penetration rate of LED lighting products will increase to 60%. Compared with the current level, the size of the LED lighting market and its product penetration rate are still Significant room for growth.Therefore, it is of great potential value to cooperate with TOPPO Lighting to become the exclusive agent of local products.

According to the regional division, the trade value and quantity of mobile lighting products in developed regions in Europe and the United States rank first, and the market demand for this part of the market is mainly due to the upgrading of traditional lighting equipment in developed regions. The export value of South Asia, Southeast Asia and Africa is second. The demand in these regions is mainly due to the relatively lagging construction of local power infrastructure, resulting in a large gap between power supply and demand. Some countries have damaged infrastructure or delayed construction due to political turmoil. Lighting products tend to have greater demand.

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