Jin10 data reported on August 15 that according to TrendForce’s research, the LED general lighting industry has not recovered as expected in the first half of 2025. The new installation market continues to show weakness, and the growth rate of the replacement market is slowing down, leading to an overall contraction in market size. Looking ahead to the second half of the year, changes in the international situation have increased market sentiment for wait-and-see, and there is uncertainty in the outlook. End customers are adopting cautious inventory management strategies, which has restricted market demand momentum to a certain extent. Overall demand in the lighting industry is sluggish, but there is a clear internal differentiation. Observations show that LED high-efficiency, human health lighting, smart lighting, and circular lighting products performed exceptionally well in orders during the first half of the year, becoming key drivers for revenue contributions and stabilizing market share for some end lighting manufacturers.
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