The market size continues to expand: According to predictions, the market size of the LED lighting industry is expected to reach 716.9 billion yuan in 2024, a year-on-year increase of 2%. It is expected that by 2026, the global LED lighting market will reach $160.3 billion, showing a clear upward trend in the long run.

Technological progress and product innovation: LED lighting technology is constantly advancing, and products are constantly innovating. LED lighting products have the advantages of high efficiency, energy saving, long lifespan, and environmental protection, gradually replacing traditional lighting methods and becoming the mainstream of the lighting market. With the development of IoT technology, the combination of intelligent control and lighting scenes will further enhance the added value of LED lamps.

Policy support: Under the global "dual carbon" background, LED lighting has become an important driving force for achieving energy-saving and emission reduction goals due to its high efficiency, energy saving, safety and stability. Governments around the world have introduced policies to prohibit the use of traditional incandescent bulbs, providing strong policy support for the development of LED lighting.

Expansion of application areas: LED lighting products can be divided into general lighting and special lighting according to their application areas. General lighting includes home lighting, industrial lighting, commercial lighting, etc. Special lighting includes landscape lighting, display screens, automotive lighting, etc. With the advancement of technology and the expansion of application scenarios, the application fields of LED lighting will be further expanded.

Market demand changes: With the development of social economy and the advancement of science and technology, human living forms and lifestyles are constantly changing, and new lighting tools and their application methods are constantly emerging. LED lighting, with its excellent performance, will further expand its application in the field of lighting.