The latest report of LEDinside LEDInside Research Center (LEDinside) report “2018 Commercial Lighting, Smart Lighting and Panel Light Market Report” stated that in recent years, due to the energy-saving benefits and cost-effectiveness of LED lamps and lanterns, it has been gradually recognized by consumers. Global LED commercial lighting The market scale continues to expand. In 2018, the global LED indoor commercial lighting market was US$15.87 billion, accounting for 42% of the global LED lighting output value. The estimated annual global LED commercial lighting from 2018 to 2021 has a compound annual growth rate of 3%. In 2011, the slowdown in growth rate was mainly due to the decline in the end-use price of LED lighting products and the decline in the stock of market-changing equipment.
 

According to the LEDinside analysis, the world’s top 25 commercial lighting manufacturers were surveyed. The top ten commercial lighting manufacturers include Philips Lighting, Acuity Brands, Panasonic, LEDVANCE, Eaton Lighting, Toshiba, NVC NVC Lighting, Fagerhult, Sunshine Lighting, and Hubbell.
 

In 2018, commercial smart lighting accounted for 33.5% of the global smart lighting market, reaching 2.53 billion U.S. dollars, because digital features can bring more new business models and value growth points, so commercial lighting is currently the largest application of smart lighting. The market is expected to continue to grow in the coming years, and by 2020, the global smart lighting scale will reach US$13.4 billion.
 

Flat lamp product market trends: Europe and the United States flat panel lamp size 600 * 600mm, more with a dimming function, mainly warm white, life expectancy of 40,000 hours or more. Japan's flat panel light products have high light quality, and they are moving towards the development of remote control for smart lighting. They also focus on designing products that are more in line with market demand in combination with local culture, and the product size is more flexible, with Panasonic being the most significant. (Source: LEDinside)