China LED Market Report by Product Type (Panel Lights, Down Lights, Street Lights, Tube Lights, Bulbs, and Others), Application (Commercial, Residential, Institutional, Industrial), Installation Type (New Installation, Retrofit Installation), and Region 2024-2032

China LED Market Report by Product Type (Panel Lights, Down Lights, Street Lights, Tube Lights, Bulbs, and Others), Application (Commercial, Residential, Institutional, Industrial), Installation Type (New Installation, Retrofit Installation), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1212
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Market Overview:

The China LED market size reached US$ 29.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 136.2 Billion by 2032, exhibiting a growth rate (CAGR) of 18.34% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 29.9 Billion
Market Forecast in 2032
US$ 136.2 Billion
Market Growth Rate 2024-2032 18.34%


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. 

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the China LED market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on product type, application and installation type.

Breakup by Region:

  • Guangdong
  • Jiangsu
  • Shandong
  • Zhejiang
  • Henan
  • Others
     

Breakup by Product Type:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Panel Lights
  • Down Lights
  • Street Lights
  • Tube Lights
  • Bulbs
  • Others
     

Breakup by Application:

  • Commercial
  • Residential
  • Institutional
  • Industrial
     

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
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Application, Installation Type, Region
Region Covered Guangdong, Jiangsu, Shandong, Zhejiang, Henan, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

We expect the China LED market to exhibit a CAGR of 18.34% during 2024-2032.

The rising demand for LEDs, as they offer several advantages, including longer shelf life, higher efficiency, enhanced durability, better service life with no flickering, optimal design flexibility, etc., over conventional lighting products, is primarily driving the China LED market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of various manufacturing units for LEDs.

Based on the product type, the China LED market can be categorized into panel lights, down lights, street lights, tube lights, bulbs, and others. Currently, panel lights account for the majority of the total market share.

Based on the application, the China LED market has been segregated into commercial, residential, institutional, and industrial. Among these, the residential sector currently exhibits a clear dominance in the market.

Based on the installation type, the China LED market can be bifurcated into new installation and retrofit installation. Currently, retrofit installation holds the largest market share.

On a regional level, the market has been classified into Guangdong, Jiangsu, Shandong, Zhejiang, Henan, and others, where Guangdong currently dominates the China LED market.

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China LED Market Report by Product Type (Panel Lights, Down Lights, Street Lights, Tube Lights, Bulbs, and Others), Application (Commercial, Residential, Institutional, Industrial), Installation Type (New Installation, Retrofit Installation), and Region 2024-2032
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