China LED Lightning Market Outlook 2027F
Driven by government regulations, research & development & rising urbanization levels
Region:Asia
Product Code:KROD134
February 2023
70
About the Report
The report provides a comprehensive analysis of the potential of China LED Lightning Market. The report covers an overview and genesis of the industry, market size in terms of product availability.
Its market segment includes by type of product (panel lights, down lights, street lights, tube lights, bulb, others), by type of product application (commercial, residential, industrial, institutional), by region (Guangdong, Jiangsu, Shandong, Zhejiang, Henan, others), by installation type (new installation, retrofit installation). The report includes Porter’s five force analysis, growth enablers, recent trends & developments, pain points & solutions. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview
According to Ken Research estimates, the China LED Lightning Market which grew at a CAGR of ~% from 2017-2022 & is forecasted to grow at a CAGR of ~% from 2023-2027F owing to government regulations, increased demand for cars & technological innovations.
- The Chinese government is playing a major role in driving the growth of the sector by offering large scale subsidies for the adoption of LED products.
- There has been a recent surge in the use of LED lamps in cars, with their market share growing from 3% in 2013 to 23% in recent years.
Key Trends by Market Segment:
By Product Type: The share of Panel lights, down lights, street lights & tube lights is almost the same with bulbs having only a minute share.
By Product Application: Commercial segment holds the highest share when it comes to LED Lights as compared to other segments.
Competitive Landscape
The China LED Lightning market is consolidated with a few players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies dominating the China LED Lightning market for its products, services, and continuous product developments are Philips, Osram, Foshan, MSL, Cree Inc., Leedarson among others.
Future Outlook
The China LED Lightning Market witnessed significant growth during the period 2017-2021, owing to research & developments, Enhancing Service Offerings and Expand Pipeline with Predictive Analysis.
Growth rate of total LED lights sold is going to increase over the period as market penetration rates increase.
Scope of the Report
|
By Type of Product |
Panel Lights Down Lights Street Light Tube Lights Bulbs Others |
|
By Type of Application |
Commercial Industrial Residential Institutional |
|
By Installation Type |
New Retrofit |
|
By Region |
Guangdong Jiangsu Shandong Zhejiang Henan Others |
Products
Key Target Audience
- Distributers
- Dealers
- Big Box Stores
- Builders/Contractors
- Facilities Manager
- DIYers
Time Period Captured in the Report:
- Historical Period: FY’17- FY’22P
- Base Year: FY’22P
- Forecast Period: FY’23F – FY’27F
Companies
Key players Covered
- Philips
- Osram
- Leadarson
- Foshan electrical & light
- Cree Inc.
Table of Contents
1. Executive Summary
2. China LED Lightning Market Overview
2.1 Taxonomy of the China LED Lightning Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for China LED Lightning Market
2.5 Growth Drivers of China LED Lightning Market
2.6 Issues and Challenges of China LED Lightning Market
2.7 Impact of COVID-19 on Market
2.8 SWOT Analysis
3. China LED Lightning Market Size, 2017 – 2022
4. China LED Lightning Market Segmentation
4.1 By Product Type, 2017 - 2022
4.2 By Application, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 Philips
5.3.2 Osram
5.3.3 Cree Inc.
5.3.4 FSL
5.3.5 Vankon
5.3.6 Leedarson
5.3.7 MLS Co Ltd.
6. China LED Lightning Future Market Size, 2022 – 2027
7. China LED Lightning Future Market Segmentation
7.1 By Product Type, 2022 - 2027
7.2 By Application, 2022 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building:
Collating statistics on used car and new car over the years, penetration of car finance and down payment ratio to compute overall credit disbursed for cars. We will also review central bank statistics to understand credit disbursed and outstanding amount which can ensure accuracy behind the datapoint shared.
Step 3: Validating and Finalizing:
Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Our team will approach multiple finance providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from car finance providers.
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The China LED Lightning Market is covered from 2017–2022 in this report, including a forecast for 2023-2027.
02 What is the Future Growth Rate of the China LED Lightning Market?
The China LED Lightning Market is expected to witness a CAGR of ~% over the next four years.
03 What are the Key Factors Driving the China LED Lightning Market?
Government initiatives, technological innovation & research and development are some of the major growth drivers of China LED Lightning Market.
04 Who are the Key Players in the China LED Lightning Market?
Philips, Osram, MSL, Cree Inc. are some of the prominent players in the market.
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