Market Overview:

The China LED market is expected to exhibit a growth rate (CAGR) of 20.2% during 2023-2028.

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. 

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 2023-2028. 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:

• 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:

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?