Analysis of market size and development trend of global LED lighting industry in 2022

Statistics show that with the implementation of the global concept of energy conservation and environmental protection and the support of various industry policies, the global LED lighting market in recent years still maintains a growth rate of more than 10%.  According to forward-looking estimates, the global LED lighting industry output value in 2020 exceeded 450 billion US dollars, and the decline was due to the impact of the global COVID-19 epidemic in 2020.  

After the global epidemic on LED lighting industry in 2020, with the gradual control of the epidemic, commercial, outdoor, engineering lighting rapidly back.  At the same time, LED lighting penetration will increase, according to TrendForce analysis.  In addition, the LED lighting industry also presents the characteristics of LED lighting product price adjustment and development toward digital intelligent dimming control.  

Home lighting is the most widely used

From the global LED lighting industry demand distribution, home lighting accounted for more than 20%, the most widely used.  This was followed by industrial and outdoor lighting, both at around 18%.  

China remains the world's largest LED lighting market

China remains the world's largest LED lighting market in 2020, tied with Europe and Followed by North America, according to the latest data from LEDinside.  China, Europe and North America account for more than 60% of the global LED lighting market, with high regional concentration. 

Global LED lighting industry development trend

Combined with the current situation of global LED lighting development, the global LED lighting industry as a whole will rebound, permeability will improve.  In terms of market segments, outdoor and commercial lighting is a new growth point of LED lighting market;  In terms of regional distribution, Europe and The Asia-Pacific region will still occupy the largest market share in the world in a short time.

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