Statistics show that with the implementation of the global energy conservation and environmental protection concept and the support of industry policies in various countries, the global LED lighting market has maintained an overall growth rate of more than 10% in recent years. According to forward-looking calculations, the output value of the global LED lighting industry in 2020 will exceed US$450 billion, and the reason for the decline is due to the impact of the global Covid-19 in 2020.From the figure below, we can see the changes in the global LED lighting industry’s output value fluctuations.
