China has become the world's leading LED application production base. According to the Gaogong LED Industry Research Institute (GGII) report, in 2016, China's lighting applications entered a spiral period, and the growth rate slowed down, showing a steady upward trend.
The data shows that the market size of LED downstream lighting applications is 245.4 billion yuan, a year-on-year increase of 16.60%, of which indoor lighting is 158.2 billion yuan, accounting for 64.46%, an increase of 33%.
In 2016, while LED indoor lighting developed rapidly, it also revealed some new trends:
First of all, the global LED indoor lighting industry is accelerating the transfer to China, domestic lighting companies are expanding overseas, foreign lighting companies are shrinking the front line, Mulinsen acquires OSRAM lighting business, and GE Lighting withdraws from the Asian market;
Secondly, with the fierce market competition, corporate profits have become thinner, and industry concentration has begun to increase. In the past two years, mergers and acquisitions in the industry have occurred dozens of times, and will further intensify in 2017;
Once again, as people's demands for quality of life are getting higher and higher, indoor intelligent lighting has gradually become a trend.
In 2017, Gaogong LED collected a large amount of first-hand information through the on-the-spot investigation of hundreds of major LED indoor lighting companies in China and the face-to-face interviews with leading figures in the LED indoor lighting industry at home and abroad. A solid foundation.
On the basis of full investigation, the High-tech LED Industry Research Institute (GLII) compiled the "2016-2020 China LED Indoor Lighting Research Report". This report has carried out detailed research and analysis on the development characteristics, main products, production scale, price changes, investment opportunities and suggestions, and market development trends of China's LED indoor lighting industry in 2016 and in the next few years.
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