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When the Chinese LED lighting market ushered in a period of growth, the prelude to shuffling has just begun. At the recently opened Guangzhou International Lighting Exhibition, Dr. Pan Wenbo, Director of Guangzhou Guangya Messe Frankfurt Co., Ltd. told reporters that the domestic LED lighting industry is in a period of rapid growth, opportunities and challenges coexist, and the output value in the next five years will exceed 100 billion yuan. At the same time, more than 30% of LED companies will be eliminated.
Pan Wenbo believes that there are currently more than 10,000 LED companies in China. In the next 5 to 8 years, 30-40 or even 50 enterprises will be eliminated, and the industry concentration will be higher and higher. At the same time, a number of outstanding companies will grow in the market.
According to statistics, the current penetration rate of LED lighting is only 20~30. At the exhibition, the industry believes that the penetration rate of LED lighting may exceed 80 in the next five years, and the development space is very large. The upstream and downstream output value of LED lighting in mainland China last year was 350 billion yuan to 380 billion yuan. This year will reach 410 billion yuan to 450 billion yuan, and will exceed 100 billion yuan in the next five years. In Pan Wenbo's view: In the next five years, the domestic LED lighting industry will maintain a growth rate of 22~25 every year, and 80 traditional lighting will be replaced by LED lighting.