LED street lights are the field with the highest proportion of outdoor LED lighting applications. In recent years, it has continued to develop with the development of the outdoor LED lighting market. China is the largest manufacturer of LED lighting products. With the domestic LED lighting market penetration rate rapidly rising to more than 70%, LED lighting has basically become a rigid demand for lighting applications, and its market size has shown a faster growth momentum than the global average. . The data shows that the output value of my country's LED lighting market in 2021 will be 625.9 billion yuan, an increase of 12% year-on-year; the market size is expected to reach 682.5 billion yuan in 2022.
The advantages of high energy saving and long service life of LED lighting products can be very beneficial in the field of outdoor lighting such as street lights, tunnel lights, and high pole lights. In specific application fields such as roads, bridges, tunnels, airports and other transportation public infrastructures, outdoor LED lighting products are accelerating the replacement of traditional lighting products, and the demand for replacement of the stock market and the incremental market for new projects is increasing.
Benefiting from the development of the LED lighting market and the continuous expansion of promotion and application areas, the penetration rate of LED street lights in my country has increased year by year, and the market scale has continued to increase. Data show that China's lighting products have been exported to 220 countries and regions, and the global market share has exceeded 50%.
LED street lamps are semiconductor lighting lamps, which mainly refer to street lamps made with LED light sources. They have the unique advantages of high efficiency, safety, energy saving, environmental protection, long life, fast response speed, and high color rendering index. They are of great significance to energy conservation in urban lighting.