China Business Intelligence Network News: With the gradual maturity of LED lighting technology and the gradual manifestation of economies of scale, the price of LED lighting has gradually decreased, effectively promoting the increase of penetration rate in the LED lighting market. The scale of the LED lighting market continues to expand, and its products are increasingly becoming the mainstream to meet the lighting needs of life and production. The industry prospects are promising.
1、 Definition of LED Lighting
LED lighting, also known as light-emitting diode lighting, mainly uses solid semiconductor chips as luminescent materials. In the semiconductor, excess energy is released through carrier recombination, causing photon emission and directly emitting red, yellow, blue, and green light. Based on this, using the principle of three primary colors and adding fluorescent powder, any color of light can be emitted.
LED has the characteristics of low energy consumption, small size, long lifespan, no pollution, fast response, low driving voltage, strong earthquake resistance, and high color purity. It is known as the new generation of lighting source and green light source, and is widely used in signal indication, display, lighting and other fields. The specific content is as follows:
 
Data source: Compiled by China Business Industry Research Institute
2、 Policies related to the LED lighting industry
In recent years, the country has encouraged the application of high-efficiency and energy-saving electric light sources, supporting electrical appliances, green and environmentally friendly gas discharge lamps, and solid-state lighting products in lighting from the aspects of industrial supporting facilities and downstream markets, effectively promoting the diversification and energy-saving development of lighting system supporting appliances, greatly enriching the lighting methods of lighting systems, and promoting the further development of the LED lighting industry. The specific policies are as follows:
Data source: Compiled by China Business Industry Research Institute
3、 Development Status of LED Lighting Industry
1. Market size of LED lighting
Data shows that the market size of China's LED lighting industry has been growing year by year. From 635.8 billion yuan in 2017 to 862.7 billion yuan in 2020, with an average annual compound growth rate of 10.7%. The China Commerce Industry Research Institute predicts that the market size of China's LED lighting industry will reach 1008.5 billion yuan in 2022, a year-on-year increase of 7.0%.
Data source: Compiled by CSA and China Commerce Industry Research Institute
2. Market share of LED lighting products
After experiencing rapid growth in the early stages, the penetration rate of China's LED lighting market has rapidly increased. The market share of Chinese LED lighting products has increased from 65% in 2017 to 80% in 2021. It is expected that the market share of LED lighting products in China will further increase in 2022, with a market share of 83%.
Data source: Compiled by CSA and China Commerce Industry Research Institute
3. Distribution of LED lighting applications
Due to the sustained growth of China's macro economy, support from national industrial policies, and continuous breakthroughs in LED technology, the domestic LED industry has developed rapidly and has formed a complete industrial chain in recent years. At present, LED has gradually gained good application and promotion in the field of general lighting in China, accounting for up to 42.4%. Secondly, landscape lighting and display screen applications account for 17.3% and 17.0% respectively.
Data source: Compiled by CSA and China Commerce Industry Research Institute