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In recent years, the global LED market has grown rapidly, and has gradually replaced other lighting sources such as incandescent lamps and fluorescent lamps. The penetration rate has continued to increase rapidly. According to the data from the Prospective Industry Research Institute's "LED Lighting Industry Market Preview and Investment Strategic Planning Analysis Report", In 2017, the global LED penetration rate reached 36.7%, up 5.40% compared with 2016. LED lighting products are lighting fixtures made of light-emitting diodes as light sources. They are characterized by high efficiency, energy saving, environmental protection and easy maintenance. Effective Ways. In the context of global energy shortages, LED lighting will gradually become the mainstream product in the field of lighting, leading the revolution in lighting history after incandescent lamps and fluorescent lamps. In recent years, the global LED market has grown rapidly, and has gradually replaced other lighting sources such as incandescent lamps and fluorescent lamps. The penetration rate has continued to increase rapidly. According to the data from the Prospective Industry Research Institute's "LED Lighting Industry Market Preview and Investment Strategic Planning Analysis Report", In 2017, the global LED penetration rate reached 36.7%, up 5.40% from 2016. Global LED Lighting Permeability With the rapid development of LED lighting technology, LED lighting products' stability, service life, intelligence, indicators, light efficiency and other performance indicators have gradually stabilized, reaching customer acceptance, product market applications continue to improve. The forward-looking database shows that the global LED lighting market reached US$34.6 billion in 2016, a year-on-year increase of 15.8%. The global LED lighting market scale (unit: million US dollars) With the introduction of the roadmap for eliminating incandescent lamps abroad, China has gradually accelerated the pace of eliminating inefficient lighting products. In October 2011, the National Development and Reform Commission officially released the “China's Roadmap for Phased Elimination of Incandescent Lampsâ€, and set a transition period from October 1, 2011 to September 30, 2012. By 2016, all wattages will be completely banned. Incandescent lamps are sold in the market. In 2016, the State Council issued the “13th Five-Year National Strategic Emerging Industry Development Plan†to explicitly promote the research and development and industrialization of key technologies in the fields of smart sensors, power electronics, printed electronics, semiconductor lighting, and inertial navigation. In 2014-2016, the domestic LED lighting application output value increased rapidly. The domestic market penetration rate of LED lighting products (the domestic sales volume of LED lighting products/the total domestic sales volume of lighting products) reached 42%, up 10% from 2015. The substitution effect of LED on the traditional lighting market has greatly stimulated the demand of the semiconductor lighting market, and the domestic semiconductor lighting industry is expected to usher in key development opportunities. By 2020, the scale of China's LED lighting market is expected to exceed 461.4 billion yuan. China LED application market scale and LED lighting application ratio
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