Changes in the global LED lighting market

In the first half of 2022, the world fell into a downward trend of high inflation and economic prosperity. The conflict between Russia and Ukraine led to high energy costs. Factors such as the downward trend of the real estate cycle and the recurrence of the COVID-19 epidemic have seriously affected the domestic and commercial lighting market demand. However, Europe, the United States and other regions reopened their economies, and business activities frequently stimulated consumption to rebound. At the same time, the demand for energy conservation projects in Europe and Japan made up for the decline in the LED commercial lighting market. In addition, the economic activities in Southeast Asia performed well, offsetting the serious decline in market demand in China.
In the second half of 2022, with the introduction of stimulus policies, the market demand will improve by the fourth quarter, and the price of LED lighting will remain firm. Looking forward to the future, the lighting industry will pay more attention to the light quality of products (such as high luminous efficiency, high color rendering, R9 value and color tolerance), and human health lighting and intelligent development will be vigorously promoted.
LED lighting has a very large market in the world.As a professional LED linear tri-proof light manufacturer, we will keep pace with the times, develop and produce LED waterproof batten fixture that are more suitable for the market. Welcome interested friends to visit our company and factory.