Monday, March 6, 2023

Revenue from the China LED Lightning market is expected to be ~ Mn in 2027F owing to local energy saving targets & rising urbanization levels: Ken Research

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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.

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

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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

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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:-

China LED Lightning Market

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France LED Lighting Market Outlook to 2027F

Malaysia LED Lighting Market Outlook to 2027F

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