Global LED Lighting Industry Output Value Fluctuations
Mar 21, 2022
According to forward-looking estimates, the global LED lighting industry output value in 2020 exceeded 450 billion US dollars, and the decline was due to the impact of the global COVID-19 epidemic in 2020. After the global epidemic on LED lighting industry in 2020, with the gradual control of the epidemic, commercial, outdoor, engineering lighting rapidly back. At the same time, LED lighting penetration will increase, according to TrendForce analysis. In addition, the LED lighting industry also presents the characteristics of LED lighting product price adjustment and development toward digital intelligent dimming control.
