2022 China LED lighting industry upstream and downstream industry chain development status and industrial policy analysis

2022-10-20

With the rapid development of the global LED lighting industry, the market size of the industry is also expanding. Affected by the epidemic in 2020, the scale of the industry has declined. According to data, in 2021, the global LED lighting industry market size reached 66.924 billion US dollars, an increase of 0.2%.

 

LED lighting industry market size chart

I. Overview


1, LED lighting


LED lighting is light-emitting diode lighting, which is a general term for LED lamps for lighting. It is the use of solid semiconductor chip as a luminous material, in the semiconductor through the carrier composite release excess energy and cause photon emission, directly emit red, yellow, blue, green light, on this basis, the use of the principle of three primary colors, add phosphor, can emit any color of light. According to its use, LED lighting can be divided into outdoor lighting, indoor lighting, special lighting, security lighting, special lighting, general lighting.



The main classification diagram of LED lighting

2, intelligent lighting


With the rapid development of the national economy, especially the rapid development of the real estate industry, the rapid development of the domestic intelligent lighting industry, all kinds of intelligent lighting products have been on the market, China's intelligent lighting market size from 2005 4.9 billion yuan to 13.7 billion yuan in 2009. China's high-end smart lighting market is expected to reach $200 billion in five years. Compared with traditional lighting, intelligent lighting can achieve the purpose of safety, energy saving, comfort and efficiency, so intelligent lighting in the field of home, office, business and public facilities have good prospects for development.


Intelligent lighting refers to the use of Internet of Things technology, wired/wireless communication technology, power carrier communication technology, embedded computer intelligent information processing, and energy-saving control and other technologies composed of distributed lighting control system to achieve intelligent control of lighting equipment. It has the functions of light brightness adjustment, light soft start, timing control, scene setting, etc. And achieve the predetermined characteristics. According to the application field, intelligent lighting is mainly divided into two categories: urban intelligent lighting and home intelligent lighting.


Classification of intelligent lighting


Second, industrial chain analysis


1, LED lighting industry chain


LED lighting industry chain is long, different links clear division of labor. Upstream mainly includes single crystal synthesis, substrate production, chip production and production equipment supply four links; The middle part is the packaging link of LED; Downstream is mainly used in general lighting, display, backlight applications, automotive lighting, signal indication and other fields.


LED lighting industry chain diagram


2, LED lighting application structure


From the perspective of LED lighting application structure, general lighting is the largest application area of LED lighting industry, accounting for 46% of the market in 2020, followed by display and landscape lighting, accounting for 15% and 12% respectively.


3. Regional distribution


From the perspective of market regional distribution, due to the Asia-Pacific, Europe and North America and other regions as the world's major economies, strong consumption power, strong market demand, occupy the majority of the global LED lighting industry market. The Asia-Pacific region is the world's largest LED lighting consumer market, accounting for 47.9%, followed by Europe and North America, accounting for 26% and 20.2%, respectively.


Third, LED lighting market size


As the largest manufacturer of LED lighting products in China, the rapid development of the industrial scale in recent years, coupled with the support of incandescent replacement demand, LED lighting product penetration continues to increase, providing a strong driving force for the growth of the industry scale. According to data, the market size of China's LED lighting industry in 2021 reached 942.8 billion yuan, an increase of 9.3%.


1, LED lighting industry scale


From the perspective of industrial scale structure, in 2020, the scale of China's LED lighting industry, downstream applications accounted for 84.53%, midstream packaging accounted for 11.76%, and upstream epitaxial chips accounted for 3.7%.



2, LED lighting demand


From the perspective of demand, in recent years, the demand for LED lighting products in China has shown an upward trend. According to data, in 2020, China's demand for LED lighting products reached 15.5 billion/sets, an increase of 32.5%, and production and sales were 46%.


2017-2020 China LED lighting product demand and growth rate


3, LED lighting product penetration


With the rapid development of China's LED lighting industry, driven by the growth of downstream demand, the industry penetration rate has also continued to increase. According to data, the penetration rate of LED lighting products in China in 2021 reached 80%, an increase of 2% over the previous year.


2017-2021 China LED lighting product penetration rate change


4, LED general lighting market


LED general lighting application is the first driving force of LED lighting application market, due to the rapid development of LED lighting technology, as well as the rapid decline in costs, has become the world's mainstream lighting source. In recent years, by embedding the intelligent control module into the LED general lighting terminal, the intelligent lighting innovation field with automatic control, systematic control and other functions has been formed, which has become a new growth point of the LED general lighting market. According to data, in 2021, China's LED general lighting market size reached 300.5 billion yuan, an increase of 9.9%.


2017-2021 China LED general lighting industry market size


4. Driving factors


1. Policy


In recent years, in order to promote the development of LED lighting industry, the relevant state departments from the aspects of industrial supporting and downstream markets, encourage the application of energy-efficient electric light sources, supporting electrical appliances, green and environmentally friendly gas discharge lamps and solid state lighting products in lighting, effectively promote the diversification of lighting system supporting appliances, energy-saving development, greatly enrich the lighting system lighting means, Promote the further development of LED lighting industry.


China LED lighting industry part of the policy list


2. Technology


From the perspective of industry patent technology, with the rapid development of the industry, the number of LED lighting related patent applications in China continues to grow, reaching a peak of 5,230 in 2017. As technology iteration in the industry slows, the number of industry-related patent applications has also declined. By 2021, the number of patent applications related to LED lighting in China has dropped to 2,667.


2015-2021 China LED lighting related patent applications


5. Development Trend


1, the policy is good for the development of the industry


The support of the national industrial policy is one of the most favorable factors to promote the development of China's LED lighting application industry. LED lighting industry in China has been highly valued, the state in the capital, technology, industry norms and other aspects of the policy support, has formulated a number of favorable industrial development policies, greatly boosted the confidence in industrial development, for the sustainable and optimized development of the industry laid a solid foundation. For a long period of time in the future, the state's investment in the field of lighting will increase year by year, and the market size of the LED lighting industry will be further expanded.


2, the overseas market demand is broad


China is the world's leading supplier of LED light sources, drive power supplies and LED applications. Due to the low market penetration rate of overseas LED lighting products, the demand for LED lighting products in overseas markets is broad. As the largest exporter of LED lighting products, under the trend of accelerating the penetration of LED lighting worldwide and expanding market demand, the export market of China's LED lighting industry has a broad market demand space, and to a large extent, the development of China's LED lighting industry.


3, technological progress to promote the expansion of the industry in multiple fields


In recent years, LED lighting technology has made rapid progress worldwide, overcoming the shortcomings of low early luminous efficiency, high cost of use, and single color system. In the application of mobile lighting equipment, LED lighting has the characteristics of low energy consumption, small size, impact resistance, long endurance and so on. At the same time, the development of related technologies in LED epitaxial wafers, chips, packages, driver circuits and downstream applications has promoted the decline in the price of LED light sources, and has promoted the wide application of LED in many fields such as civil, commercial and industrial use, which is expected to promote the development of the industry.


Huajing Industrial Research Institute of China's LED lighting industry development status, industry upstream and downstream industry chain, competition pattern and key enterprises have carried out an in-depth analysis, to minimize enterprise investment risk and operating costs, improve enterprise competitiveness; And use a variety of data analysis technology to predict the development trend of the industry, so that enterprises can seize the market opportunities in time; [Report title] 2023-2028 China LED lighting industry market depth analysis and investment strategy research report; The data of this research report mainly used the national statistical data, the General Administration of Customs, questionnaire survey data, the Ministry of Commerce collected data and other databases. Among them, macroeconomic data are mainly from the National Bureau of Statistics, some industry statistics are mainly from the National Bureau of Statistics and market research data, enterprise data are mainly from the National Bureau of Statistics of scale enterprise statistics database and stock exchanges, and price data are mainly from various market monitoring databases.


Ps: For more details, please pay attention to the "2023-2028 China LED Lighting industry market In-depth Analysis and Investment Strategy Research Report" published by Huajing Industrial Research Institute.


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