Market Research Report
China LED Lighting Market, Volume by Applications (Industrial, Outdoor, Residential, & Commercial), Companies (MLS Co Ltd., Philips Lighting, Osram, Cree Inc., Foshan Electrical & Light)
|Published by||Renub Research||Product code||581845|
|Published||Content info||79 Pages
Delivery time: 1-2 business days
|China LED Lighting Market, Volume by Applications (Industrial, Outdoor, Residential, & Commercial), Companies (MLS Co Ltd., Philips Lighting, Osram, Cree Inc., Foshan Electrical & Light)|
|Published: June 24, 2019||Content info: 79 Pages||
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 favorable 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 environmental 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.
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 to an affordable price 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.
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.
Renub Research 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.