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Global Lighting Engineering Market Prospect Forecast China is the biggest potential stock

Europe
In July 2000, the EU implemented the "Rainbow Project" and established the Executive Research Directorate (ECCR) to support and promote the application of white LEDs through the EU's BRITE/EURAM-3 program, and entrusted 6 large companies and 2 universities to implement. The plan mainly promotes the growth of two important markets: first, high-brightness outdoor lighting, such as traffic lights, large outdoor display signs, car lights, etc.; second, high-density optical disc storage.

Japan
As early as 1998, Japan has begun to implement the "21st Century Light Plan" to promote the development and industrialization of semiconductor lighting technology. It is one of the first countries in the world to initiate an LED industrial policy. Subsequently, the Japanese government has successively issued a series of relevant policies to encourage and promote LED lighting, thereby helping the Japanese market to become the first country in the world to achieve a penetration rate of 50% of LED lighting.

In 2015, the Ministry of the Environment of Japan submitted a bill to the regular session of the Diet, which included a ban in principle on the production of batteries, fluorescent lamps and other products with excessive mercury content. It was passed at the plenary session of the Japanese Senate on June 12 of that year.

U.S
In 2002, the US federal government launched the "National Semiconductor Lighting Research Program" or "Next Generation Lighting Program (NGLl)". Funded by the U.S. Department of Energy, the program is jointly implemented by the Department of Defense and the Optoelectronics Industry Development Association (OIDA), with participation from 12 state key laboratories, companies and universities. Subsequently, the "NGLI" plan was incorporated into the U.S. "Energy Act", and received a total of 10 years of financial support of $50 million per year to help support the United States in the field of LED lighting to establish a leadership role in the global LED industry, and to create a local LED industry in the United States. More high-tech, high value-added job opportunities.

Global Lighting Engineering Market Scale Analysis
From the perspective of the global lighting engineering market scale, from 2012 to 2017, the global lighting engineering market scale continued to increase, especially in 2013 and 2015. In 2017, the global lighting engineering industry market size reached 264.5 billion US dollars, an increase of about 15% compared with 2016. With the continuous release of China's market capacity, the global lighting engineering market scale will continue to grow rapidly in the future.

Global Lighting Engineering Application Structural Analysis
From the perspective of the application field of global lighting engineering, home lighting accounts for 39.34%, with a larger share; followed by office lighting, accounting for 16.39%; outdoor lighting and store lighting are 14.75% and 11.48%, respectively, accounting for 10% above. The market share of hospital lighting, architectural lighting, and industrial lighting is still below 10%, a low level.

Global Lighting Engineering Regional Market Share
From the perspective of regional distribution, China, Europe and the United States are still the most important markets. China's lighting engineering market accounts for up to 22% of the global market; the European market also accounts for about 22%; followed by the United States, with a market share of 21% %. Japan accounted for 6%, mainly because Japan's territory is small, and the penetration rate in the field of LED lighting has been close to saturation, and the increase rate is less than that of China, Europe and the United States.

The development trend of the global lighting engineering industry
(1) Application trend: Landscape lighting will be valued by various countries, and the market space has great potential. In terms of the breadth of application, it will extend to more countries, such as Africa and the Middle East. At present, the lighting engineering market in these regions has not been effectively developed; in In terms of the depth of application, it will further penetrate into the agricultural field and other industrial fields, and the engineering technology that needs to be solved in different fields will also change.
(2) Product trend: The penetration rate of LED will be further improved. In the future, lighting engineering products will be dominated by LED, and the level of informatization and intelligence of products will be higher.
(3) Technological trends: The international cooperation between lighting engineering enterprises will be strengthened. In the future, the design process and construction technology of various countries will have a qualitative leap under the premise of continuous exchanges.
(4) Market trend: In terms of LED lighting, the US market tends to be saturated, and the market will further gather in Asia, especially India, China and other countries with strong demand for lighting projects.

Global Lighting Engineering Industry Market Prospect Forecast
With the unremitting efforts of various major lighting engineering markets, the global lighting engineering market size in 2017 reached about 264.5 billion US dollars. In the future, major countries will continue to introduce policies to support the development of local lighting engineering companies, and some large international companies will continue to accelerate the pace of going out to develop the market, and the global lighting engineering market will continue to maintain rapid growth. The global lighting engineering market size will reach USD 468.5 billion by 2023.


Post time: May-23-2022