The China LED Lightning market is moderately consolidated with a few players occupying almost half of the market. The key players operating in the market are competing on the basis of quality of product, product cost, service quality & estimated revenue. The major companies dominating the China LED Lightning market for its products, services, and continuous product developments are Philips, MLS Co ltd, Osram, Cree Inc.,Foshan electrical & light among others.
- The Chinese government is playing a major role in driving the growth of the sector by offering large scale subsidies for the adoption of LED products.
- There has been a recent surge in the use of LED lamps in cars, with their market share growing from 3% in 2013 to 23% in recent years.
Government Initiatives: In China, penetration of LED lighting has been witnessing a massive uptick as a result of effective government policies that help out LED manufacturer and distributor to a great extent. The Chinese government banned incandescent bulbs over 100 watts in the year 2012 followed by a ban on 15 watts in the year 2016. Besides, China is also looking forward to a framework to replace the fluorescent bulb with an LED. In China, the National Development and Reform Commission (NDRC) and the Ministry of Finance (MOF) have taken several measures to administer subsidies for proliferating LED Lighting products.
Effective Pricing Policy: In China, technology mechanization in the LED lighting industry has witnessed a massive surge in the recent years. Therefore the average price of LED lighting product has declined and has been affordable as compared to conventional lighting products. According to Renub Research Analysis, the market of LED lighting product will grow during the forecast period, especially in residential segments due to the price reduction of LED.
Analysts at Ken Research in their latest publication, “China LED Lightning Market Outlook 2027F- Driven by government regulations, research & development & rising urbanization levels” by Ken Research observed that China LED Lightning Market is in a growth phase & is expected to grow at a CAGR of ~% in the upcoming years owing to increasing government initiatives & technological innovations. It is to be noted that the China LED Lightning market is consolidated with a few brands occupying almost half of the market with companies competing not only on the basis of product quality, cost, demand for the product & estimated revenue.
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Key segments covered
By Product Type
Panel Lights
Down Lights
Street Lights
Tube Lights
Bulb
Others
By Product Application
Commercial
Residential
Institutional
Industrial
By Installation Type
New Installation
Retrofit Installation
By Region
Guangdong
Jiangsu
Shandong
Zhejiang
Henan
Others
Time Period Captured in the Report
Historical Period: FY’17- FY’22P
Base Year: FY’22P
Forecast Period: FY’23F – FY’27F
Key Target Audience
Distributers
Dealers
Big Box Stores
Builders/Contractors
Facilities Manager
DIYers
Key players Covered
Philips
Osram
Leadarson
Foshan electrical & light
Cree Inc.
Key Topics Covered in the Report
Executive Summary of China LED Lightning Market
Country Overview of China LED Lightning Market
Overview of China LED Lightning Market
Market Size of China LED Lightning Market
Market Segmentation China LED Lightning Market
Industry Analysis of China LED Lightning Market
Consumer Analysis of China LED Lightning Challenges and restrains
Competitive Analysis of China LED Lightning Market
Future Outlook of China LED Lightning Services
Covid Analysis of China LED Lightning Market
Analyst Recommendations
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