Pan Wenbo believes that there are currently more than 10,000 LED companies in the country. In the next 5 to 8 years, 30%-40% or even 50% of the companies will be eliminated and the industry concentration will become higher and higher. At the same time, a number of outstanding companies will grow in the market.
When China's LED lighting market ushered in an outbreak of growth, the prelude to shuffling has only just begun. At the "Guangzhou International Lighting Fair 2014" recently opened, Dr. Pan Wenbo, director of Guangzhou Guangya Messe Frankfurt, told reporters that the domestic LED lighting industry is in a period of rapid growth, opportunities and challenges coexist, and the output value will exceed 100 billion yuan in the next five years. Yuan, while more than 30% of LED companies will be eliminated.
Pan Wenbo believes that there are currently more than 10,000 LED companies in the country. In the next 5 to 8 years, 30%-40% or even 50% of the companies will be eliminated and the industry concentration will become higher and higher. At the same time, a number of outstanding companies will grow in the market.
Data shows that the current penetration of LED lighting is only 20% to 30%. At this exhibition, industry insiders believe that the LED lighting penetration rate may exceed 80% in the next five years, and the development space is very large. The output value of upstream and downstream LED lighting in mainland China last year was 350-380 billion yuan, and it will reach 420-450 billion yuan this year and more than 1,000 billion yuan in the next five years. In the opinion of Pan Wenbo: "In the next five years, the domestic LED lighting industry will maintain an annual growth rate of 22% to 25%, 80% of the traditional lighting will be replaced by LED lighting."
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