In recent years, the state has issued a series of LED lighting industry plans and policies aimed at optimizing the industrial development environment, promoting technology research and development and innovation, clarifying lighting design standards and technical requirements, regulating the development of the LED lighting industry, and effectively promoting the healthy, orderly, rapid lighting industry. In 2019, industry design standards such as "Architectural Lighting Design Standards (Consultation Draft)", "Highway Tunnel LED Lighting Design and Construction Technical Guide", "LED Nightscape Lighting Application Technical Requirements (Consultation Draft)" were issued, which standardized the actual industry application is conducive to the standardized development of the industry.
According to the China Semiconductor Lighting Engineering R & D and Industry Alliance (CHINA SOLED STATE LIGHTING ALLIANCE) (referred to as "CSA") data, China's domestic LED lighting product output continued to grow in 2016-2018. The product sales rate is relatively stable, with a preliminary estimate of 46% in 2019, with an output growth of 17.6 billion units / set and sales of 8.1 billion units / set.
LED general lighting dominates, entering a mature period
After years of development and improvement, China's LED lighting application market has gradually become stable and mature. At present, China's LED lighting application market includes general lighting, landscape lighting, automotive lighting, backlight applications, signals and indicators, display screens, etc.
According to CSA statistics, China's LED lighting application market structure remained basically stable from 2016 to 2018. LED downstream applications in China are still dominated by LED lighting, accounting for 46% of fluctuations; display and landscape applications account for more than 10%; backlight applications account for 10% of fluctuations; automotive lighting accounts for more than 1%, Accounting for less, but there is more room for growth.
In the general lighting application market, the scale of China's LED general lighting output value continued to grow from 2014 to 2019, but the growth rate continued to decline. In 2018, China's LED general lighting output value reached 267.9 billion RMB, an increase of 5% year-on-year; preliminary estimates of China's LED general lighting output value in 2019 increased by 4.5% year-on-year to 280 billion RMB.
In the field of landscape lighting applications, the scale of LED landscape lighting output value in 2014-2019 also continued to increase, reaching 100.7 billion RMB in 2018, increase of 26.1% year-on-year. Based on the compound growth rate, it is estimated that the scale of LED landscape lighting output value in 2019 will reach 1270 100 million RMB.