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LEDInside's latest "2018 Lighting Grade Packaging and LED Lighting Market Outlook" shows that the LED lighting market has gradually increased in size from 2016 to 2019. The LED lighting market reached 32.117 billion US dollars in 2018 and 333 in 2019. Billion dollars, replacement lighting has entered the LED Research Center (LEDinside) latest "2018 lighting package and LED lighting market outlook" shows that the LED lighting market scale gradually increased from 2016 to 2019, the LED lighting market scale reached in 2018 327.17 billion US dollars, reaching 33.3 billion US dollars in 2019, replacement lighting has entered a saturated period; industrial, landscape outdoor, special commercial lighting continued to develop. According to LEDinside survey of global installed lighting products, LED lighting products have rapidly increased the replacement of traditional lighting. The penetration rate in 2017 is 22%, which is expected to reach 63% in 2022. The CAGR of LED lighting products in 2017~2022 is 26%. . In 2018, the output value of the lighting-grade packaging market reached 7.16 billion US dollars. The output value of the lighting-grade packaging market increased by more than 10% in 2017, and the growth rate in 2018 is expected to be close to 7.8%, reaching 7.16 billion US dollars. Alternative light sources such as bulbs and tubes enter saturation; industrial lighting products such as patio lights, and commercial lighting products such as troffers, panel lights, filament lamps, etc. still have a CAGR of around 30%. The 2016-2021 lighting grade LED package has an overall CAGR of 4%. Light quality is still the focus of the market. High color rendering LEDs refer to LED package products with CRI above 90, which are currently used in high-end commercial lighting markets where color reproduction and light quality are more critical, such as museum lighting, retail lighting, food lighting, etc. High color rendering LEDs currently account for a small market, and the global market size in 2017 was approximately $330 million. However, with the increase in market demand and the development of packaging technology in the next few years, it is expected to show rapid growth. 2018 lighting market development three major spindles - smart lighting, niche lighting, emerging national lighting spindle one: smart lighting 2017 global smart lighting into a high-speed development stage, the market size is close to 4.6 billion US dollars, a year-on-year growth rate of 95%, with technology The maturity of products and the spread of related concepts are expected to reach $13.4 billion in 2020. Industrial and commercial are the largest application areas for smart lighting. Because of the digital characteristics, smart lighting will bring more new business models and value growth points to these two fields. Spindle 2: Niche Lighting LEDinside organizes the four niche lighting markets, including plant lighting, medical lighting, fishing lighting and marine port lighting. Among them, the US and Chinese markets have rapidly increased the demand for plant lighting, and plant plant construction and greenhouse lighting demand are the main kinetic energy. Spindle 3: Emerging National Lighting Emerging countries' economic development drives infrastructure and urbanization rates, and large-scale commercial facilities as well as infrastructure and industrial zones are building demand for LED lighting. In addition, national and local governments' energy conservation and emission reduction policies such as energy subsidies, tax incentives, etc., large-scale project such as street lighting, residential and commercial district renovation, and the improvement of lighting product standard certification are promoting LED lighting promotion. . Among them, the Vietnamese market and the Indian market in Southeast Asia are the fastest growing. Under the post-lighting era, the development strategy of lighting manufacturers is the first: international lighting manufacturers, due to the high production capacity of traditional lighting, although gradually transforming LED lighting, and have far-reaching planning for LED lighting products, the proportion of LED lighting revenue growth is not as good as the manufacturers themselves. The expectation will therefore accelerate the innovation and growth of the LED lighting business to achieve profitability goals. Representative manufacturers such as Philips Lighting, OSRAM Licht AG, GE (Current), LEDVANCE. Second: the regional development of the king's lighting manufacturers, known as the national representative team or Local King, with the support of the national government, to block foreign manufacturers by specifications, standards, tariffs, etc., and to provide policy incentives, subsidies, etc. Encourage local lighting manufacturers to rapidly develop lighting products. Representative manufacturers are Acuity Brands, Panasonic, TOSHIBA, Feile Audio, Op Lighting, etc., and the penetration rate of LED lighting is as high as 60%-70% in 2016. Third: With niche advantages, especially channel advantages, technical assistance, access to special markets and other emerging lighting manufacturers, whether it is light bulbs and lamps, LED lighting products can be used at the beginning, the contribution contribution is quite sufficient. Mainly on behalf of manufacturers such as Feit Electric, Iris Ohyama, etc., but revenue and profit because the manufacturing cost is not competitive, the performance is declining year by year. Fourth: Enterprises that have transformed their mid-upstream production or foundry business into brands, such as Mulinsen, CREE, Sunshine, and Lidaxin. China's lighting manufacturers are based on the global market for the production and manufacturing of the largest lighting industry in the world. By leveraging the scale advantages of manufacturing costs, Chinese lighting manufacturers have accumulated a solid foundation for entering the global market.