The fourth semiconductor lighting industry exchange conference in Foshan was held on the day before. Many LED industry insiders discussed the latest LED technology and market trends. The exchange meeting was hosted by the Municipal Science and Technology Bureau and undertaken by the Municipal Lighting Association. Chen Wencheng, senior application technology manager at OSRAM Opto Semiconductors (China) Co., Ltd., quoted McKinsey data as saying that LED's market share in general lighting will continue to grow, about 45 in 2016 (to 32 billion euros) and about 69 billion in 2020 (about 57 billion) EUR). By 2020, Asia accounts for 46% of the global lighting market, and China's lighting market accounts for 50% of Asia, about 19 billion euros (about 150 billion yuan). In the next 1-3 years, the domestic LED lighting penetration rate will increase from 15 to 60. On the same day, the city lighting association was established for the four-year celebration. According to the association, in order to enhance the popularity of Foshan Commercial Photo, in 2015, member companies will be organized to participate in the Shanghai International Lighting Exhibition held from March 11th to 14th, and a new product launch will be held during the exhibition.
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