Introduction: As the core component of LED lighting products, LED drive power products are mainly combined with LED light sources and housings to form LED lighting products. Under normal circumstances, LED drive power accounts for about 20%-30% of the overall cost of LED lighting products; it accounts for a relatively high proportion of the overall cost of medium and high-power LED lighting products.

2020 China LED lighting drive power

Market status and market scale forecast analysis

As the core component of LED lighting products, LED drive power products are mainly combined with LED light sources and housings to form LED lighting products. Under normal circumstances, LED drive power accounts for about 20%-30% of the overall cost of LED lighting products; it accounts for a relatively high proportion of the overall cost of medium and high-power LED lighting products. The data shows that the output value of my country’s LED drive power supply has increased from 17.2 billion yuan in 2015 to 28 billion yuan in 2018, and the year-on-year growth rate in 2017 and 2018 reached 23.74% and 14.3%, respectively.

China’s LED driver output value occupies the first place in the world, there is still room for improvement in the future

As a global production base for LED lighting products, China is also a gathering place for the global LED drive power industry. As the global LED lighting manufacturing industry continues to shift to China, China’s LED driver power supply output is expected to account for a further increase in the global output value, which will further increase the market demand for the domestic LED driver power supply manufacturing industry.

In different market segments, market penetration and market competition show certain different characteristics

In terms of market penetration, the current market penetration of outdoor and industrial LED lighting applications that are mainly matched by medium and high-power LED driver power supplies is still relatively low. In the future, with the increase in market penetration of outdoor and industrial LED lighting applications and the continuous expansion of new application areas, the potential market demand for medium and high-power LED drive power supplies will grow relatively fast.

In terms of market competition, since medium and high-power LED drive power supplies are mainly used in outdoor and industrial LED lighting fields, the products are in constant voltage and constant current technology, in terms of high reliability and safety, and response to harsh application environments. The requirements are relatively high, its technical barriers and industries are relatively high, and its market concentration and industry profit margins are relatively high.

Summary of the latest policies

The development of LED drive power is mainly affected by downstream LED lighting industry policies. LED lighting is known as the “third revolution” in the development of the human lighting industry due to its high efficiency and energy saving. The governments of major countries and regions in the world have issued a series of encouraging policies to vigorously promote the development of the LED lighting industry.

In October 2019, the National Development and Reform Commission issued the “Industrial Structure Adjustment Guidance Catalog (2019 Edition)”, which combined “semiconductor lighting equipment”, “semiconductor lighting substrates, epitaxy, chips, packaging, and materials, etc.”, “urban lighting intelligence, green lighting “Product and system technology development and application” are included in the encouraged industries.

Market status and scale forecast analysis

In specific application fields such as roads, bridges, tunnels, airports, and other transportation public infrastructures, outdoor LED lighting products are accelerating the replacement of traditional lighting products, and the demand for replacement of the stock market and the incremental market for new projects is increasing. Therefore, the outdoor LED drive power industry also has a good market demand development space. Data show that in 2018, the output value of China’s outdoor LED functional lighting drive power supply reached 6.2 billion yuan, a year-on-year increase of 21.6%, and the average annual compound growth rate from 2015 to 2018 was 23.4%.

Smart cities promote market growth

LED street lights are the field with the highest proportion of outdoor LED lighting applications. Due to the relatively late start of large-scale applications in the industry, the current market penetration rate is still at a relatively low level. With the acceleration of the construction of smart cities and 5G networks, the construction of smart light pole projects is in the accelerated implementation stage, and it is expected to become a rapid growth point for LED lighting and its supporting industries in the future. At present, many major provinces and cities across the country have issued plans or supporting policies to accelerate the implementation of smart light pole projects.

Chip and technology upgrade, further stimulating market demand

With the improvement of LED chip and driving power technology in recent years, the technical performance and economic performance of LED street lights are continuously improving. Combined with the characteristics of LEDs that are very suitable for intelligent control, their market applications in stock transformation and new projects will be further improved. Speed ​​up the market demand for supporting medium and high power LED drive power products.

2020 China Industrial LED Drive Power

Market status and market scale forecast analysis

In recent years, the field of industrial production has faced profound changes in reducing unit energy consumption and improving resource utilization. New LED lighting products with high luminous efficiency and low power consumption are constantly replacing traditional lamps in industrial production. In 2018, the output value of LED industrial and mining lights reached 7.23 billion yuan, a year-on-year increase of 14.5% compared to 2017’s 6.32 billion yuan; the average annual compound growth rate from 2015 to 2018 reached 18.9%. As an industrial LED drive power supply supporting LED high bay light applications, it has a broad market demand space.

Expanded application areas

Compared with traditional lighting products, LED lighting products have the characteristics of high luminous efficiency and energy efficiency ratio, stable and durable, dimmable, and easier to intelligent control. In addition to large-scale applications in lighting applications such as indoor lighting and outdoor lighting, their Applications in emerging fields such as LED plant lighting and UV LED are in a rapid expansion stage. LED plant lighting, which is mainly matched with medium and high-power LED driving power applications, and UV LED applications related to light curing and industrial exposure have a large potential market space.

The penetration rate of different fields is different

In the field of LED plant lighting, the current global market penetration rate is still at a relatively low stage, and the market is still mainly concentrated in a few countries and regions such as Japan, the United States, and the Netherlands.

In the UV LED field, depending on the wavelength properties of the products, UV LEDs can be widely used in light curing, sensors, industrial exposure, light irradiation medical treatment, biological protein analysis, medical area disinfection, air sterilization, water purification, and other fields. At present, the market for UV LEDs, which are mainly used in light curing, sensors, and industrial exposure, is growing rapidly. In the future, the application of UV LED in air sterilization, water purification, and other fields is also expected to become a new market growth point.

Editor: Yan Zhixiang