2019LED lighting market development spindle Cross-industry to create business opportunities

According to the latest research report of LEDInside, "2019 Lighting Grade Packaging and LED Lighting Market Outlook", the LED lighting market is gradually increasing in size from 2018 to 2023. The LED lighting market is expected to reach US$56.6 billion in 2023. The CAGR is 9% from 2018 to 2023.

Global LED lighting trends vary across regions, Europe, Southeast Asia, India and other markets have performed well

Europe's LED lighting market continues to grow, reaching $8.292 billion in 2018, 9.5% year-on-year and more than 50% permeability. Among them, commercial lighting lights, filament lamps, decorative lamps and other growth kinetic energy is the most significant.

1H18 lighting manufacturers in the United States have bright revenue performance, and the main revenue from the United States market. Costs are expected to be passed on to consumers, affected by tariffs and rising raw material prices in the Sino-US trade war.

The high unit price of Japanese products and the recovery of Japan's economy, the impact of the 2020 Tokyo Olympic Games will keep the Japanese market growing well.

Southeast Asia is gradually developing into a very dynamic LED lighting market. Due to the rapid growth of local economy, large investment in infrastructure and large population, there is a great demand for lighting. The Middle East and Africa market LED lighting penetration rate rapidly increased, the future market potential can still be expected.

Long-term outlook 2019 lighting market trend, three major opportunities will become lighting manufacturers revenue growth momentum, one for the 2020 Tokyo Olympic lighting demand; The second is DLC V5.0 to improve light quality and luminous efficiency, will have the opportunity to upgrade the high-end lighting market requirements. In addition, most importantly, lighting manufacturers expand the integration of foreign industries to create business opportunities. At present, we can see architectural lighting, artificial lighting, plant lighting, fishery lighting, gymnasium lighting, special lighting and other markets.