Global lighting engineering market prospects China is the largest potential stock

Europe

In July 2000, the European Union implemented the “Rainbow Program” and established the Executive Research Agency (ECCR) to support the promotion of white LED applications through the BRITE/EURAM-3 program of the European Union, and commissioned 6 large companies and 2 universities to implement. The program mainly promotes the growth of two important markets: high-intensity outdoor lighting, such as traffic lights, large outdoor display signs, car lights, etc.; second, high-density optical disk storage.

Japan

As early as 1998, Japan began to implement the "21st Century Light Plan" to promote the development and industrialization of semiconductor lighting technology. It is one of the first countries in the world to launch the LED industry policy. Subsequently, the Japanese government introduced a series of related policies to encourage and promote LED lighting, which helped the Japanese market become the first country in the world to achieve 50% penetration of LED lighting.

In 2015, the Japanese Ministry of the Environment submitted a bill to the regular session of the National Assembly, which included the ban on the production of batteries and fluorescent lamps with excessive mercury content in principle, which was passed at the Japanese Senate Plenary Meeting on June 12 of that year.

United States

In 2002, the US federal government launched the National Semiconductor Lighting Research Program, the Next Generation Lighting Program (NGLl). The program is funded by the US Department of Energy and is jointly implemented by the Department of Defense and the Photonics Industry Development Association (OIDA), with 12 national key laboratories, companies, and universities. Subsequently, the "NGLI" program was included in the US "Energy Act" and received 10 years of financial support for 10 years each year to help support the United States to establish a leading role in the global LED industry in the field of LED lighting, and to create a role in the United States. More high-tech, high value-added jobs.

Global lighting engineering market size analysis

From the scale of the global lighting engineering market, the global lighting engineering market has continued to increase in size from 2012 to 2017, especially in 2013 and 2015. In 2017, the global lighting engineering industry market reached US$264.5 billion, an increase of around 15% from 2016. With the continuous release of the capacity of the Chinese market, the scale of the global lighting engineering market will continue to grow in the future.

Global Lighting Engineering Application Structure Analysis

From the application field of global lighting engineering, home lighting accounted for 39.34%, a larger share; followed by office lighting, accounting for 16.39%; outdoor lighting and store lighting were 14.75% and 11.48%, respectively, accounting for 10% the above. The market share of hospital lighting, architectural lighting, and industrial lighting is still below 10%, and the level is low.

Global lighting engineering regional market share

From the perspective of regional distribution, China, Europe and the United States are still the most important markets. The scale of China's lighting engineering market accounts for 22% of the global market; the European market accounts for about 22%; followed by the United States, which accounts for 21%. %. Japan's share is 6%, mainly because Japan's land is small, and the penetration rate in the field of LED lighting is close to saturation, and the increase is smaller than that of China, Europe and America.

Global lighting engineering industry trends

(1) Application trend: Landscape lighting will be valued by various countries, the market space potential is huge, and the breadth of applications will be extended to more countries, such as Africa and the Middle East. At present, the lighting engineering market in these areas has not been effectively developed; The depth of application will further penetrate into the agricultural sector and other industrial fields, and the engineering technologies that need to be solved in different fields will also change.

(2) Product trend: LED penetration rate will be further improved, and future lighting engineering products will be led by LED, and the level of informationization and intelligence of products will be higher.

(3) Technology trends: The cooperation between lighting engineering companies in the world will be strengthened. In the future, the design process and construction technology of various countries will have a qualitative leap under the premise of continuous exchange.

(4) Market trend: In terms of LED lighting, the US market tends to be saturated, and the market will further gather in Asia, especially India, China and other countries with strong demand for lighting projects.

Global lighting engineering industry market forecast

With the unremitting efforts of the major lighting engineering markets, the global lighting engineering market reached a total of US$264.5 billion in 2017. In the future, major countries continue to introduce policies to support the development of local lighting engineering enterprises, and the pace of some large international companies going out to develop the market is accelerating, and the global lighting engineering market will continue to maintain rapid growth. By 2023, the global lighting engineering market will reach $468.5 billion.