China LED Market Size, Share, Trends and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

China LED Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

China LED market reached a value of US$ 23.6 Billion in 2019. LEDs offer numerous advantages over conventional lighting products such as longer shelf life; higher efficiency; environment friendly; controllable; emits no radiation; and uses lower power. LEDs are highly energy efficient and consume significantly less power compared to incandescent bulbs. Driven by their numerous advantages, LED lights are rapidly replacing conventional lighting products in China. The Chinese government is also playing a major role in driving the growth of the sector by offering large scale subsidies for the adoption of LED products. Moreover, the Chinese government has also banned incandescent bulbs in the country with the National Development and Reform Commission first announcing the country’s incandescent bulb phase out roadmap on November 2011. Some of the other key factors driving the LED market in China include infrastructure growth, reducing prices, local energy savings targets and rising urbanization levels. Looking forward, IMARC Group expects the China LED market to exhibit strong growth during the next five years.

Report Scope:

Historical, Current and Future Market Trends
Market Breakup by Region
- Guangdong
- Jiangsu
- Shandong
- Zhejiang
- Henan
- Others
Market Breakup by Product Type
- Panel Lights
- Down Lights
- Street Lights
- Tube Lights
- Bulbs
- Others
Market Breakup by Application
- Commercial
- Residential
- Institutional
- Industrial
- Others
Market Breakup by Installation Type
- New Installation
- Retrofit Installation
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
- Competitive Structure
- Key Player Profiles

Key Questions Answered in This Report:

How has the China LED market performed so far and how will it perform in the coming years?
What are the key regional markets in the China LED industry?
What has been the impact of COVID-19 on the China LED industry?
What is the breakup of the China LED market on the basis of product type?
What is the breakup of the China LED market on the basis of application?
What is the breakup of the China LED market on the basis of installation type?
What are the various stages in the value chain of the China LED industry?
What are the key driving factors and challenges in the China LED industry?
What is the structure of the China LED industry and who are the key players?
What is the degree of competition in the China LED industry?
What are the profit margins in the China LED industry?

Report Coverage:

Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Currency: US$
Geography Covered: China
Segments Covered: product type, application, installation type and region

This report provides a deep insight into the China LED market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for LED manufacturers, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the China LED market in any manner.

Report Customization: Although IMARC has tried to cover everything in the LED market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20 man hours of free customization for each report.