From the perspective of regional distribution, China, Europe, and the United States are still the main markets. The size of the Chinese lighting market accounts for 22% of the world’s total; the European market also accounts for about 22%; followed by the United States, which accounts for 21%. Japan accounted for 6%, mainly because Japan has a small territory and its penetration rate in the field of LED lighting is close to saturation, and the increase is smaller than that of China, Europe, and the United States.

Prospects for the global lighting industry:

With the unremitting efforts of the major lighting engineering markets, in the future, major countries will continue to issue policies to support the development of local lighting engineering companies, and the global lighting market will continue to maintain rapid growth. By 2023, the global lighting market will reach USD 468.5 billion.

LED Lighting Market Scale:

It is estimated that the global LED lighting production volume will exceed 7 billion in 2019. According to data from the research institute LED inside, the global LED lighting penetration rate is about 39% in 2017, reaching a milestone of 50% in 2019.

Points to note when choosing a product for lighting:
(1) Security and convenience
Safety is a primary consideration. It is necessary to pay attention to the selection of highly safe lamps and how to install the lamps can bring the greatest safety guarantee. The biggest function of light is lighting, which is convenient for us.

(2) Intelligent
The global smart lighting market size was close to USD 4.6 billion in 2017 and is expected to reach USD 24.341 billion in 2020, of which the market size of lamps and related accessories is approximately USD 8.71 billion.

(3) Health lighting is to improve and improve the conditions and quality of people’s work, study and life through LED lighting, and promote mental and physical health. Choose suitable lamps such as wall lamps, floor lamps, etc. to reduce the glare of the TV and protect eyesight.
Blue light hazards still exist, and glare and flicker are also the main factors of LED’s health hazard. People’s attention to LED lighting has also shifted from questioning “energy saving” to “healthy and comfortable”.

(4) Creating atmosphere and personalization
Lighting is the magician who creates the atmosphere of the home and has the functions of adding space and life.