The LED landscape lighting market is expected to exceed 150 billion by 2020
Lighting engineering refers to the use of natural light or artificial lighting system in indoor space and outdoor space such as roads, squares, scenic spots, parks and buildings through specific design, technology and engineering to meet the illumination, brightness, color rendering and specific visual effects of the surface being illuminated. Lighting engineering involves optics, electricity, aesthetics, architecture, computer science and other disciplines. It is a comprehensive and systematic project. Lighting engineering industry is a typical technology and capital-intensive industry.
In recent years, the core technology of LED lighting products in China has made great progress, and the gap between China and the international level is narrowing. LED lighting products have been widely used in urban landscape lighting, road lighting and commercial lighting, and the application technology tends to mature. The market continues to expand, application scenarios continue to increase, LED lighting has developed into the mainstream of the lighting industry. Meanwhile, the introduction and implementation of the national green lighting project and related policies directly promote the rapid development of the LED lighting market. LED lighting products will maintain a strong momentum of development and gradually and even completely replace other existing lighting products.
With the continuous development of China's economy and the improvement of people's living standards, the domestic LED lighting project market has maintained a rapid growth. Data according to the national semiconductor lighting project research and development and industry alliance, the size of the market of LED application industry in our country in 2018 has reached 608 billion yuan, and LED landscape lighting accounted for 16.50%, the whole market scale up to 100.32 billion yuan, up 26.01% year on year, growth is higher than that of the whole LED application market. LED landscape lighting market in 2020 is expected to exceed 150 billion yuan.
