How is the led street lamp market developing?

The LED industry chain includes chips, packaging, applications, drivers, material accessories and other industries from top to bottom. The middle and upper reaches include market segments such as UV LED and IR LED, and the downstream applications cover LED display screens, LED street lamps, LED industrial lamps, incandescent lamps and many other applications.

According to the statistics released by Prospective Industry Research Institute, the output value of LED industry in China in 20 17 was 636.8 billion yuan, up by 2 1% year-on-year. The upstream chips grew rapidly, the midstream packaging developed steadily, and the downstream applications maintained a rapid growth trend. Forward-looking Industry Research Institute predicts that the compound growth rate of LED industry in China will reach about 18% from 2065438 to 2020, and that the scale of LED industry in China will exceed 1 trillion in 2020, reaching1045 million yuan.