China LED Lighting Market Overview, 2028

China LED Lighting Market Overview, 2028

Actual Market Research 31-12-2022 63 Pages Figures : 6 Tables : 13 Region : Asia-Pacific Country : China Category : Energy & Utility Lighting & Luminaires

According to the research report "China Led Lighting Market Overview, 2028," published by Bonafide Research, The china led light market is excepted to add USD 10.72 Billion by 2028. Guangdong Province's Zhongshan City is home to the town of GUZHEN. The town's most important business is the lighting industry. Guzhen is known as "China's lighting capital."In addition to being China's largest wholesale lighting market, Guzhen is also the country's largest led light production base and manufacturing base. China is facing a power shortage due to heatwaves and drought, affecting the Yangtze River basin in particular, home to several manufacturing hubs and a large population. There are different types of led light are led street lights, led bulb lights, led flood lights, led high bay lights, led tube lights, led panel lights and many more are there in the market. In lights, there is an led solar garden decorative stack light. And all types of decorative lights are available in china market. Due to the steady decrease in the cost of LED lighting, people in China are rapidly adopting it. Due to receiving optimal subsidies from both the central and local governments, many Chinese LED light manufacturers are expanding their production capacity. The LED lighting market will continue to grow during the forecast period as a result of China's favorable government policies, which are assisting LED distributors and manufacturers to run their businesses smoothly. In addition, the Chinese government has established a standard for LED lighting that will aid in the production of LED products of the highest possible quality. By the end of 2025, the LED lighting market in China will reach US$ 29 billion. Because of supportive government policies that greatly assist LED manufacturers and distributors, LED lighting penetration in China is expanding rapidly. The Chinese government restricted glowing bulbs north of 100 watts in the year 2012. After that, 15 watts were banned in 2016. In addition, China is seeking a framework for the LED replacement of fluorescent light bulbs. To manage subsidies for the growing number of LED lighting products, the National Development and Reform Commission (NDRC) and the Ministry of Finance (MOF) in China have implemented several measures. LED lighting products and levels of market penetration. These levels are categorized based on the price sensitivity and power urgency of the user. As a general rule, lighting application markets can be additionally isolated into extensive stretch industrial facility lighting, while business lighting requests ordinarily take off first. The area with the quickest entrance rate will in general be halfway lighting applications, and in the long run, prompt private lighting requests. For good reason, LED light bulbs are currently the most popular type of light bulb. They use very little energy, don't have mercury in them, don't heat up when using them, and give off bright light with a slightly cool cast. LED bulbs come in a wide variety of sizes, shapes, and colors. 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. In China, lighting items are primarily sold through lighting shops, marked stores, electrical machine stores, home apparatus corporate retailers, store chains, home improvement shops, and building materials shops. Currently, specialized lighting marts distribute the majority of lighting products. In recent years, numerous businesses have started using online platforms as new sales channels. There are top led light manufacturers in china are opple lighting electric co, ltd, NVC lighting technology corporation, and many more. At lighting marts, numerous manufacturers and distributors present their products to customers in one location. The interaction between the buyer and the seller is stronger, prices are relatively low, and there are a lot of options because these marts sell products directly rather than through counters. The shopping malls are well-liked by customers and have grown rapidly in recent years. The Star Alliance Global Brand Lighting Centre in Guzhen, Zhongshan City, has been putting on light shows and selling products to get people to come in. A lot of businesses from Hong Kong and other countries have chosen to lease shop space in the Center. Analysis carried out by IRG china’s landscape lighting market was worth RMB91.65 billion in 2021, up 27.3% year on year. Road lighting products are predominantly high-pressure sodium lamps (48.3%) followed by LEDs (29.6%). Covid 19 impact China is a big provider of both completed and raw electronic products, which has a considerable impact on the market for electronic gadgets. China is the origin of this pandemic. 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. Considered in this report • Geography: China • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • China LED Lighting market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product: • Lamps • Luminaries By Application: • Indoor • Outdoor By Sales Channel: • Retail/Wholesale • Direct Sale • E-commerce By Installation Type: • New • retrofit The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the LED Lighting industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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