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Renub Research | China LED Lighting Market
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Joined: 4 month(s) ago
Posted 1:28 PM Thursday, July 11, 2019   [ quote ]

The market for LED Lighting in China is thriving due to the increasing demand for energy-efficient lighting systems as well as a significant reduction in the cost of LED bulbs. The Chinese government is also encouraging LED manufacturers and distributors by making favorable policies. Others steps of the Chinese government are supporting LED Light manufacturer like by banning incandescent bulbs over 100 watts in the year 2012, and 15 watts in the year 2016. LED lights are widely used in Residential, Outdoor, Industrial and Commercial spaces in China. According to Renub Research analysis China LED Lighting Market is anticipated to be more than US$ 29 Billion by the end of the year 2025. There are various companies in China involving in this market like MLS Co Ltd., Philips Lighting, Osram, Cree Inc., Foshan Electrical & Light.

Energy saved is energy generated this statement is 100% true for LED Lights. There are several benefits of LED Lighting; some of them are:

  1. Energy efficiency of Led light is unbeatable than other lighting solutions, LED can save energy more than 90% than traditional lightings.
  2. The life span of LED light is much higher than other conventional lighting solutions like CFL, metal halide, sodium vapor light and incandescent bulb.
  3. LED bulbs are safer as they generate much lesser heat, traditional bulbs like incandescent convert more than 90% of the total energy used to power them directly into heat. That means only 10% of the energy powering incandescent lights is used for light.
  4. The compact size of the LED is useful and adaptable to an infinite number of lighting applications. It can operate well in severe cold and hot temperatures, dimming capability are also a plus point, LEDs can also work at a very low voltage, which makes them safer to use.
  5. Frequent switching doesn't create any degradation and damage to these lights. Environmental friendly and almost zero UV emissions also make it a preferred choice for consumers.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=china-led-lighting-market-size-volume-market-share-applications-companies-p.php

Consistent Reduction in the Price of LED lighting products stimulates the Market to Expand

In China, technology mechanization in the LED lighting industry has increased over the period. Therefore the average price of LED lighting product has declined and reached to an affordable price as compared to conventional lighting products. According to Renub Research Analysis, the market of LED lighting product will grow during the forecast period, especially in residential segments due to the price reduction of LED.

Key Companies China LED Lighting Sales

In China, people are adopting LED lighting at a rapid pace because of the gradual reduction of LED lighting price. Many Chinese LED light manufacturer are increasing their production capacity because they are getting an optimal subsidy from both central and local government. The favorable government policies of China are helping the LED manufacturer and distributor to run their business smoothly, and it will further boost the LED lighting market in the forecast period. Besides, the Chinese government has also implemented LED lighting standard that will help to produce the supreme quality of the LED product. China LED lighting market is going to cross the US$ 29 Billion mark by the year-end of 2025.

Request a free Brochure copy of the report: https://www.renub.com/request-brochure-page.php?gturl=china-led-lighting-market-size-volume-market-share-applications-companies-p.php

In this report, we have taken the top five Key players in the China LED Lighting market include Cree Inc., Philips Lighting, MLS Co. Ltd., Foshan Electrical & Light, Osram.

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Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. Our clients rely on our market analysis and data to make informed knowledgeable decisions. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.


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