China LED Lighting Market, Volume by Applications, Companies" lighting market in China is forecasted to cross the US$ 29 Billion mark by the year-end of 2025.
Online PR News – 24-October-2019 – Roswell – According to Renub Research latest report "China LED Lighting Market, Volume by Applications (Industrial, Outdoor, Residential, & Commercial), Companies (MLS Co Ltd., Philips Lighting, Osram, Cree Inc., Foshan Electrical & Light)" lighting market in China is forecasted to cross the US$ 29 Billion mark by the year-end of 2025.
LEDs provide numerous advantages over traditional lighting products such as longer shelf life, improved efficiency, environment-friendly, controllable, do not emit radiation, and use less power. LEDs are highly efficient in terms of energy and use significantly less power than incandescent bulbs. LED lights are increasingly replacing traditional lighting items in China, powered by their numerous advantages. By providing large-scale subsidies for the adoption of LED products, the Chinese government also plays a significant role in driving sector growth.
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The National Development & Reform Commission announced the country's incandescent bulb phase-out roadmap in November 2011; the Chinese government also banned incandescent bulbs in the country. Some of the other key drivers of China's LED market include infrastructure expansion, price reductions, local energy savings goals, and increasing rates of urbanization.
Increasing demand in China for LED lighting boosts the market for LED light. Chinese LED manufacturers to focus primarily on LED light research & development, cost reduction, energy efficiency, and long life environmentally friendly. The demand for lower-end LED products in China is high, but in this segment, there is also stiff competition.
In China, LED lighting penetration is multiplying due to supporting government policies that help, to a great extent, the manufacturer and distributor of LEDs. The Chinese government banned more than 100 watts of incandescent bulbs in 2012 and 15 watts in the year 2016.
In China, numerous measures have been taken by the National Commission for Development and Reform (NDRC) and the Ministry of Finance (MOF) to implement subsidies for the proliferation of LED lighting products.
LEDs are highly efficient, reliable, and have a longer life span, which is expected to improve their application in indoor and outdoor. Compared to incandescent lamps, these lights are cost-effective, offering about 50,000 hours of illumination with a limited amount of energy consumed.
Lower operating costs and lower heat losses often make them an acceptable substitute for incandescent lights. Technological advances, moving from traditional to green lighting, improved standards for energy efficiency, and falling prices also have boosted demand.
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By Application: Market, volume, and market share of Industrial, Residential, Commercial, & Outdoor are covered in this research report.
By Key Players: Market share, sales analysis, latest development, and trends are covered for following companies MLS Co Ltd, Philips Lighting, Osram, Cree Inc, and Foshan Electrical & Light in the research report.
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Key Topics Covered :
2. Research & Methodology
3. Executive Summary
4. China LED Lighting Market Analysis (2010 - 2025)
5. China LED Lighting Volume Analysis (2010 - 2025)
6. Market Share - China LED Lighting
7. Application - China LED Lighting Market (2010 - 2025)
8. Application - LED Lighting Volume (2010 - 2025)
9. China Government Policies on LED Lighting
10. Price Analysis of LED lighting Products by 7W LED, 9W LED & 12W LED
11. China LED Lighting Value Chain
12. LED Lighting Standards in China
13. Growth Factors
14. Key Challenges
15. China - Key Players Analysis