China LED lighting market is forecast to go beyond US$ 24 Billion by the end of year 2024
Escalating urbanization, price cuts and local energy savings targets make the technology more tempting. Lighting items are vital to the advancement of the national economy and people's livelihood as far as livelihood is concern. Apart from that China's lighting industry has been on the rise and the country has become a leading world lighting consumer and producer date back to 20 years.
For promoting high-efficiency LED lighting products, National Development and Reform Commission (NDRC) and China's Ministry of Finance (MOF) had collaborated to look after interim measures on administration of financial subsidies. The actions like financial subsidies to promote LEDs lighting is working. In the current scenario, Local governments are working more proactively in response than China's central government in implementing LED subsidies. In China, Guangdong Province, consist the largest LED industry size and has relatively higher amount of subsidies.
In China, Commercial segment of LED lighting market dominates the LED market share compared to other segments. Other LED lighting segments such as Residential LED lighting market, Industrial LED lighting market and Outdoor LED lighting market is also performing well in China. Moreover implementation of LED lighting standard in china will further shift the LED lighting into high quality LED product.
Due to cutting edge technology & Innovation in Led lightening products, prices of Led bulbs is gradually diminishing & reaching closer to the conventional lightening products
Year on Year, due to cutting edge technology and innovation in Led lightening products, the average price of Led bulbs is gradually diminishing and reaching closer to the conventional lightening products. Therefore, as of now, the demand of led lightening products especially in residential and commercial lightening market is expanding.
Key Topics Covered:
1. Executive Summary
2. China LED Lighting Market Analysis (2010 - 2024)
3. China LED Lighting Volume Analysis (2010 - 2024)
4. Market Share - China LED
5. By Application China LED Lighting Market (2010 - 2024)
6. By Application - LED Lighting Volume (2010 - 2024)
7. China Government Policies on LED Lighting
8. Price Analysis of LED lighting Products by 7W LED, 9W LED & 12W LED