In China, people are adopting LED lighting at a rapid pace because of the gradual reduction of LED lighting price. Many Chinese LED light manufacturer are increasing their production capacity because they are getting an optimal subsidy from both central and local government. The favourable government policies of China are helping the LED manufacturer and distributor to run their business smoothly, and it will further boost the LED lighting market in the forecast period. Besides, the Chinese government has also implemented LED lighting standard that will help to produce the supreme quality of the LED product. China LED lighting market is going to cross the US$ 29 Billion mark by the year-end of 2025.
The growing demand for LED lighting in China stimulates LED light market. Chinese LED manufacturer mainly focused on Research & Development of LED light; cost reduction, energy efficiency, and environmentally friendly, long life. In China, the demand for lower-end LED product is high, but there is also stiff competition in this segment.
In China, penetration of LED lighting is growing at a rapid pace due to supportive 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. After that, it banned 15 watts in the year 2016. Besides, China is also looking for 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.
Consistent Reduction in the Price of LED lighting products stimulates the Market to Expand
In China, technology mechanization in the LED lighting industry has increased over the period. Therefore the average price of LED lighting product has declined and reached an affordable price as compared to conventional lighting products. According to this research, the market of LED lighting product will grow during the forecast period, especially in residential segments due to the price reduction of LED.
Key Companies China LED Lighting Sales
In this report, we have taken the top five Key players in the China LED Lighting market include Cree Inc., Philips Lighting, MLS Co. Ltd., Foshan Electrical & Light, Osram.
This latest study “China LED Lighting Market, Volume by Applications (Industrial, Outdoor, Residential, & Commercial), Companies (MLS Co Ltd., Philips Lighting, Osram, Cree Inc., Foshan Electrical & Light)” provides a detailed and comprehensive insight of China LED Light Market.
Types of LED Lighting Market & Volume
- Industrial LED Lighting
- Outdoor LED Lighting
- Residential LED Lighting
- Commercial LED Lighting
Key Player covered in the Report
- MLS Co Ltd.
- Philips Lighting
- Osram
- Cree Inc.
- Foshan Electrical & Light
Scope of the Report
- China LED Lighting Market & Forecast: We have done a comprehensive analysis of China LED lighting Market. We have taken historic data from 2010 - 2018 and anticipated year from 2019 - 2025. Besides, we have considered several factors that propel China LED market like government policies and LED manufacturer and distributors.
- China LED Lighting Volume & Forecast: In this report, we have done a complete analysis of China LED lighting on the volume front. Also, we have also studied the demand and supply of LED lighting product on a unit basis. We have taken historic data from 2010 - 2018 and anticipated year from 2019 - 2025.
- China LED Lighting Price Analysis: Rising mechanization and cutting edge technology will stimulate lower the price of LED lighting products. We have studied the LED lighting product price from the year 2010 to 2019
- China LED Lighting Value Chain: It provides a complete detailed analysis of the present and future value chain of LED lighting in China.
- Growth Drivers: It studies the different factors which are helping the LED lighting market to grow in China.
- Challenges: It explains the core challenges within the LED lighting industry.
- Company Analysis: We have covered five key players and their LED revenue in China. Apart from sales analysis, we have also included an overview of the company and LED latest development trends.
Table of Contents
1. Introduction2. Research & Methodology3. Executive Summary4. China LED Lighting Market Analysis (2010 - 2025)5. China LED Lighting Volume Analysis (2010 - 2025)
Companies Mentioned
- Cree Inc.
- Foshan Electrical & Light
- MLS Co Ltd.
- Osram
- Philips Lighting
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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