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After five years, LED lighting output value will exceed trillion

2014/6/23 view:

When China LED lighting market ushered in the growth of the outbreak, the prelude to reshuffle has only just begun. At the recentopening of the "2014 Guangzhou International Lighting Exhibition", Guangzhou Guangya Messe Frankfurt Director Dr. Pan Wenbo, told reporters that the domestic LED lighting industry is in a period of rapid growth, opportunities and challenges, the value of the next five years will be more than 1 trillion million, while more than three percent of the LED business will be eliminated.
Pan Wenbo believes that currently there are more than 10000 LED enterprises in the next 5 to 8 years, 30% -40% or even 50% of enterprises will be eliminated, industry concentration will be higher. Meanwhile, a group of outstanding enterprises will grow the market.

Data show that, LED lighting penetration rate is currently only 20% to 30%. And the show, industry insiders believe that the next five years, LED lighting penetration rate may exceed 80%, the development of space is very large. Chinese mainland LED lighting on the downstreamoutput last year was 350 billion to 380 billion yuan, will reach 420 billion to 450 billion yuan this year, the next five years will be more than 1 trillion yuan. In Pan Wenbo seems: "the next five years, the domestic LED lighting industry will maintain an annual 22% to 25% growth, 80% of traditional lighting will be LED lighting alternative."

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