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Global LED pattern changes overseas market new trend
- Apr 16, 2018 -

Nearly 150 million of the LED lighting products have a broad market prospect in Brazil

Brazil has been an important overseas market for the export of LED lighting products in China. In the first half of 2017, China's LED lighting products exported to Brazil amounted to 146 million US dollars, up 137.42% over the same period last year, ranking tenth in the list of China's LED export destinations.

Brazil has been an important overseas market for the export of LED lighting products in China. In the first half of 2017, China's LED lighting products exported to Brazil amounted to 146 million US dollars, up 137.42% over the same period last year, ranking tenth in the list of China's LED export destinations.

From the type of product, the LED bubble lamp has the largest export amount, up to $510 million, exceeding the non - listed lamps and lanterns. After the lamp, lamp, lamp and lamp plane.

In the first half of 2017, there were 702 enterprises exporting Brazil in China, of which the total export of the first 30 enterprises accounted for 60% of the total, and the first ten enterprises accounted for more than 30%.

Thanks to the promotion of LED lighting products by Brazil government and local governments, according to TechSciResearch statistics, the market demand of Brazil LED in 2016 is 848 million US dollars, and it is expected to grow to 2 billion 562 million US dollars in 2022, achieving 20.25% annual compound growth rate.

In 2016, the supply of LED in Brazil was $988 million, and it is expected to grow to $2 billion 726 million by 2022, with a composite annual growth rate of 18.55%.

Because the government and local authorities are committed to promoting the solution of LED lighting products, and influenced by the Olympic Games and the world cup, outdoor lighting occupies the largest market share in Brazil's LED demand market. In 2016, it occupied 33.2% of the market share.

With the improvement of the utilization rate of LED lighting in smart city and other housing construction projects, from the LED products type exported to Brazil in 2017, the share of indoor bulb bulbs is the largest, and the application of indoor LED lighting products will further expand.

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