Global LED indoor commercial lighting market in 2018 is 15.87 billion US dollars

In 2018, commercial smart lighting accounted for 33.5% of the global smart lighting market, reaching 2.53 billion US dollars. Because digital features can bring more new business models and value growth points, commercial lighting is currently the largest application of smart lighting. In the next few years, the market is expected to continue to grow. By 2020, the scale of global intelligent lighting will reach 13. The latest report of LEDInside, LEDinside, "2018 Commercial Lighting, Smart Lighting and Panel Light Market Report", said in recent years Due to the energy-saving efficiency and cost-effectiveness of LED lamps, the global LED commercial lighting market continues to expand. In 2018, the global LED indoor commercial lighting market is 15.87 billion US dollars, accounting for 42% of the global LED lighting output. The annual compound growth rate of global LED commercial lighting 2018~2021 is 3%. Compared with previous years, the growth rate slowed down, mainly due to the decline in the terminal price of LED lighting products and the decline in the market demand for replacement. According to LEDinside analysis, the top 20 commercial lighting manufacturers in the world ranked the top ten commercial lighting manufacturers including Philips Lighting, Acuity Brands, Panasonic, LEDVANCE, Eaton Lighting, Toshiba, NVC NVC Lighting, Fagerhult, Sunlight, Hubbell. In 2018, commercial smart lighting accounted for 33.5% of the global smart lighting market, reaching 2.53 billion US dollars. Because digital features can bring more new business models and value growth points, commercial lighting is currently the largest application of smart lighting. The market is expected to continue to grow in the next few years, and by 2020 the global smart lighting scale will reach $13.4 billion. Flat-panel lamp product market trend: Europe and the United States flat-panel lights more common size 600 * 600mm, more with dimming function, warm white light, life expectancy of more than 40,000 hours. The quality of Japanese flat panel lamps is high, and the trend of remote control is realized towards intelligent lighting. The focus is on combining local culture to design products that are more in line with market demand, and the product size is more flexible, which is most prominent in Panasonic. (

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Stainless steel is a corrosion resistant steel alloy with a minimum of 10% chromium. There are different grades and surface finishes of stainless steel produced to accommodate the environment in which the material will be implemented. Unlike carbon steel, stainless steel does not rust when exposed to air and moisture due to the sufficient amount of chromium present. The chromium creates an invisible passive film of chromium oxide that will not let oxygen attack the surface and prevents rusting of the iron base.

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