Energy Efficient: LED light bulbs are currently the most popular type of light bulb in China. They consume less energy as compared to other products, don’t have mercury in them, do not heat up while in usage, and give off bright light with a slightly cool cast making them aesthetically pleasing. Furthermore, LED bulbs come in a wide variety of sizes, shapes, and colour giving the user a wide range of choice. The standard, pear-shaped Type bulb is also known as a standard bulb. They’re utilized in both private and business applications and screw in utilizing an Edison screw. Lamp bulbs or A19, which are utilized in all lamps, and A15 appliance bulbs are the most prevalent of these bulbs. Moreover, they are also being promoted by the Chinese Government as part of their eco-friendly initiatives.
Covid Impact: China is a big provider of both completed and raw electronic products, which has a considerable impact on the market for electronic gadgets. The whole industrial sector is currently being impacted by price fluctuations, supply disruptions, and production losses. Lighting producers rely on China as the source for a sizeable portion of the components they employ, like much of the manufacturing industry. China was the first nation to be affected by the outbreak since COVID-19 is thought to have started in the city of Wuhan in the Hubei province. As a result, it was the site of the first lockdowns, which several other countries have since adopted to stop the disease’s spread. Workers at factories that produce LEDs and other parts for lighting fixtures have frequently been told to stay at home.
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.
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
Request For Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MzA3
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
Request For Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MzA3
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
For more insights on the market intelligence, refer to the link below:-
Related Reports By Ken Research:-