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2017 global LED incandescent bulb market is expected to reach 831 million US dollars
According to the latest survey results, the global LED incandescent bulb market is expected to reach 5.66 billion yuan (about 831 million US dollars) in 2017, an increase of 95% year-on-year; CAGR will reach 47.7% from 2017 to 2022. According to the latest survey results, the global LED incandescent bulb market is expected to reach 5.66 billion yuan (about 831 million US dollars) in 2017, an increase of 95% year-on-year; CAGR will reach 47.7% from 2017 to 2022. In the first half of 2017, the total export volume of Chinese manufacturers' LED incandescent bulbs reached 15.73 million, and the total export volume reached US$ 22.47 million; the year-on-year growth rates were 353% and 330% respectively. At present, the mainstream luminous flux of LED incandescent bulbs is about 450 lm, which is widely used in decorative lighting in public places. As the price of LED bulbs continues to decline, lighting manufacturers such as Philips and Osram Licht are vigorously promoting LED incandescent bulbs. In the Chinese market, 3W LED incandescent bulbs are priced at 28-30 yuan, which is much higher than the price of 3W LED bulbs. With the growing demand for LED incandescent bulbs, China's largest supplier of LED packaging and LED application products, Mlinson (MLS), has invested 1.287 billion yuan and plans to build an incandescent lamp production base with an annual production capacity of 229 million bulbs in East China.