Blossom of LED Lighting Industry with Promising Overseas Market

Under the background of the rapid rise of the Internet of Things industry, the implementation of global energy conservation environmental protection concepts, the support of industry policies in various countries, the penetration rate of LED lighting products continues to increase, smart lighting is becoming the focus of future industrial development.

With the development of the LED industry becoming more more mature, China’s domestic market is gradually becoming saturated, more more Chinese LED companies are beginning to turn their attention to the vast overseas market. Obviously, major lighting brs will have fierce lasting competition to improve product coverage market share. So, which regions will be potential markets that cannot be missed

Europe: High Awareness of Energy Conservation

From September 1, 2018, the ban on halogen lamps will be fully effective in EU countries. The phasing out of traditional lighting products will accelerate the development of LED lighting penetration. According to the report of the Prospective Industry Research Institute, the scale of the LED lighting market in Europe continues to grow, reaching US$14.53 billion in 2018, with a year-on-year growth rate of 8.7% a penetration rate of over 50%. Among them, the growthpotential of spotlights, filament lamps decorative lamps used for commercial lighting is particularly remarkable.

United States: High-speed Growth of Indoor Lighting Products

According to CSA Research data, China exported US$4.065 billion of LED products to the United States in 2018, accounting for 27.22% of China's LED export market, an increase of 8.31% compared with the US LED product exports in 2017. Except for 27.71% of the unspecified category information, the top 5 product categories exported to the United States are bulbs, tube lamps, decorative lamps, floodlights light bars, mainly indoor lighting products.

Thail: High Price-Sensitivity

Southeast Asia is an important market for LED lighting. With the rapid economic growth in recent years, the increase in investment in infrastructure construction in various countries, coupled with the demographic dividend, has led to an increase in lighting dem. According to data from the Institute of Research, Thail's lighting market in Southeast Asia occupies an important position, accounting for about 12% of the overall lighting market. The market size is close to 800 million US dollars, the compound annual growth rate is expected to be close to 30% between 2015 2020. At present, there are few LED manufacturers in Thail. LED lighting products mainly rely on foreign imports, accounting for about 80% of market dem. Due to the establishment of China-ASEAN Free Trade Zone, LED lighting products from China can enjoy zero tariffs, the Chinese production has the features of low-cost high-quality,. Therefore, China's products in the Thai market share is extremely high.

Middle East: Infrastructure Construction drives Lighting Dem

With the rapid economic development rapid population growth in the Gulf region, the investment in infrastructure in the Middle East has been increasing. At the same time, the wave of energy conservation emission reduction that has emerged in recent years has also promoted the vigorous development of the power, lighting new energy markets. Therefore, it is getting more more attention from Chinese LED companies. Saudi Arabia, Iran, Turkey other countries are important export markets for LED lighting products in the Middle East.

Africa: Basic Lighting Municipal Lighting have Potential for Development

Due to the tight supply of electricity, the African government has vigorously promoted the replacement of incescent lamps with LED lights, introduced LED lighting projects to promote the growth of the lighting products market. The “Lighting Africa” project initiated by the World Bank international financial organizations has also become a force to be reckoned with. There are few LED lighting companies in Africa, their LED lighting products cannot compete with Chinese companies.