LEDinside latest "2018 lighting package and LED lighting market outlook" shows that 2016 ~ 2019 gradually increase the size of LED lighting market, LED lighting market size in 2018 reached 32.717 billion US dollars in 2019 reached 333 100 million US dollars, replacement lighting has entered the saturation period; industrial, landscape outdoor, special commercial lighting continued development.
According to LEDinside survey of the global stock of installed lighting products, LED lighting products, the rapid replacement of traditional lighting replacement, penetration rate of 22% in 2017, is expected to reach 63% in 2022, 2017 ~ 2022 LED lighting stock CAGR up to 26% .
In 2018, the output value of the lighting package reached 7.16 billion US dollars
LED packaging market output in 2017 year-on-year growth rate of more than 10% in 2018 expected growth rate of nearly 7.8% to 7.16 billion US dollars. Replacement light sources such as bulbs and lamps enter the saturation phase; industrial lighting products such as patio lights, and commercial lighting products such as troffer, panel lights, filament lamps and other CAGR is still as high as 30%. 2016-2021 lighting grade LED package overall CAGR is 4%.
Light quality is still the market focus. High color rendering LED CRI LED packaging products in more than 90, is now more used in the high degree of color reproduction and light quality critical commercial lighting market, such as museum lighting, retail lighting, food lighting. High color LED market share is relatively small, the global market size in 2017 of about 330 million US dollars. However, with the increasing market demand in the coming years and the development of packaging technology, it is expected to show a rapid growth trend.