China's LED Outdoor Lighting Market Will Reach Nearly 110 Billion Yuan In 2019

- Nov 04, 2020-

LED outdoor lighting is mainly composed of LED functional lighting and LED landscape lighting. LED outdoor functional lighting mainly includes street lamps, tunnel lights, yard lights, high pole lights, etc. LED outdoor functional lighting has high driving power, harsh working environment and high technical requirements.LED landscape lighting mainly includes wall washing light, projection light, guardrail tube, light belt/strip, yard light, pixel light, etc. LED landscape lighting has certain requirements on lighting, artistic level, and cultural taste.

In recent years, with the accelerated process of beautifying the city, developing night tour economy, increasing income, and improving urban residents' happiness, the economic and social value of outdoor landscape lighting has been continuously explored, which promotes the continuous growth of the overall market scale of LED outdoor lighting.Data from LED Research Institute (GGII) shows that in 2018, the scale of China's outdoor lighting market reached 95 billion yuan, among which the scale of LED outdoor functional lighting market reached 17 billion yuan, with a year-on-year growth of 19.7%.The LED landscape lighting market reached 78 billion yuan, with a year-on-year growth of 15.04%.However, due to the impact of domestic and international economic environment, weak market demand and china-us trade frictions, the export of LED outdoor lighting products is greatly affected. As a result, the growth rate of LED outdoor lighting market in 2018 has slowed down, among which the growth rate of outdoor landscape lighting market has decreased by more than 6 percentage points compared with that in 2017.

According to LED Research Institute (GGII), with the continuous urbanization process, rapid development of LED technology, continuous improvement of intelligent control system development, continuous cost reduction, and the availability of hardware infrastructure, the outdoor lighting market demand will continue to grow rapidly in 2019, and the outdoor lighting market in China will be close to 110 billion yuan.

High yield research institute (GGII) LED by major domestic spot investigation, LED outdoor lighting enterprise, combining the LED outdoor lighting industry leader, talking face to face at home and abroad, collected a large number of first-hand information, writing for this report provides a solid foundation on the basis of, on the basis of fully research, compiled the "2019 China LED lighting industry research report.

This report respectively from the Angle of the outdoor lighting industry production and consumption, focusing on the analysis of 2018 China LED lighting industry development environment, development situation at home and abroad, the competitive landscape, import and export situation, market demand, market price, through multi-channel data information for outdoor lighting industry key enterprises in detail analysis, combined with the science of economic analysis model to evaluate the development prospect of the outdoor lighting industry, and to forecast the development trend of outdoor lighting industry in the next few years.This report is to understand the current development of LED outdoor lighting industry trends, grasp the LED lighting industry development trend, formulate correct development strategy important reference tool, high production research institute of LED (GGII) hope that through research, in-depth research and analysis, for investors, the personage inside course of study, the securities company and want to know about the LED lighting industry, to provide accurate has reference value for the LED lighting industry data and research reports.