LED lighting chip price increase of 3~5%, global output value is expected to reach 2.9 billion US dollars, the market demand is strong

With the global economic recovery and the control of the epidemic, LED lighting market demand is gradually picking up. According to market research institutions, the price of LED lighting chips has recently risen by 3 to 5%, which is expected to drive the annual output value of LED lighting chips to reach $2.9 billion. This growth is mainly due to multiple factors such as increasing market demand, technological progress and government policy support.

First, The market demand is strong, driving up the price of LED lighting chips

In recent years, the global lighting market has gradually transformed to LED lighting, which has been widely concerned with its characteristics of high efficiency, energy saving, environmental protection and no pollution. With the increase of global environmental awareness, many countries have imposed restrictions on traditional lighting equipment such as incandescent lamps and fluorescent lamps, further promoting the development of the LED lighting market. In addition, the demand for LED lighting in new infrastructure construction, smart home, commercial lighting and other fields is also expanding, driving the growth of demand for LED lighting chips.

Two. Technological progress reduces costs and improves product competitiveness

LED lighting chip technology continues to progress, the production process and equipment have been improved, so that the performance of LED lighting chip has been improved, the cost has been reduced. This makes LED lighting products gradually close to traditional lighting products in price, further improving the market competitiveness. In addition, the advantages of LED lighting chip products in light efficiency, brightness, life and other aspects also make it enjoy a high brand recognition in the market, which brings more development opportunities for enterprises.

Third, the national policy to support the promotion of industrial development

In order to encourage the development of the LED lighting industry, governments have introduced support policies. For example, the Chinese government has implemented a series of financial subsidies, tax incentives and other policies to reduce enterprise production costs and marketing expenses, and increase the market share of LED lighting products. In addition, the government has also increased scientific research investment in the LED lighting industry, supporting enterprises to carry out technology research and development and innovation, and improve the core competitiveness of products. These policies have played a positive role in promoting the development of the LED lighting chip market.

Fourth, industrial chain cooperation to accelerate industrial upgrading

With the continuous expansion of the LED lighting market, the cooperation between upstream and downstream enterprises in the LED lighting chip industry chain is also becoming increasingly close. Through technical cooperation with upstream chip companies, downstream application enterprises promote the improvement of product performance and meet the market demand for high-performance LED lighting products. At the same time, upstream chip enterprises optimize the production process and reduce production costs by docking with the needs of downstream application enterprises. This industrial chain cooperation helps the rapid upgrading of the entire industry and further enhance the competitiveness of the LED lighting chip market.

Fifth, the market prospects are broad, and the global layout is accelerating

At present, the global LED lighting market is in a stage of rapid development, and major companies have increased investment to seek global layout. On the one hand, enterprises are expanding their production capacity and market share globally through mergers and acquisitions, technical cooperation and other means. On the other hand, enterprises increase investment in research and development and develop products with core competitiveness to meet the needs of different markets. With the increasing penetration rate of LED lighting chips, the LED lighting market is expected to maintain steady growth in the next few years.