LED outdoor lighting mainly consists of functional lighting and
landscape lighting. Functional
outdoor LED lighting primarily includes street lights
tunnel lights, yard lights, and high mast lights, which require high-power drivers and are subject to harsh working environments, demanding high technical standards. Landscape lighting comprises wash lights, floodlights, guardrail tubes, light strips/bars, yard lights, and pixel lights, setting certain requirements for lighting quality, artistic level, and cultural taste.
In recent years, as the beautification of cities, development of nighttime economies to increase income, and enhancement of urban dwellers' happiness have accelerated, the economic and social values of outdoor landscape lighting have been increasingly unearthed, promoting the continuous growth of the overall market size of
LED outdoor lighting. Data from GGII (High-tech LED Research Institute) shows that in 2018, the market size of China's outdoor lighting reached 95 billion yuan, among which, the market size of LED functional outdoor lighting was 17 billion yuan, up 19.7% year on year; the market size of LED landscape lighting reached 78 billion yuan, up 15.04% year on year. However, affected by the domestic and international economic environment and weakened market demand, as well as the Sino-US trade friction, the export of LED outdoor lighting products was significantly affected, leading to a slowdown in the growth rate of the LED outdoor lighting market in 2018, where the growth rate of the landscape lighting market dropped by over 6 percentage points compared to 2017.
GGII analyzes that with the ongoing urbanization process, rapid development of LED technology, constant improvement of intelligent control systems, continuous reduction of costs, and the readiness of hardware foundational conditions, the market demand for outdoor lighting will continue to grow rapidly in 2019, and the Chinese outdoor lighting market is expected to reach nearly 110 billion yuan.
Through on-site surveys of major domestic LED outdoor lighting companies and face-to-face conversations with leading figures in the LED outdoor lighting industry at home and abroad, GGII has collected a large amount of first-hand data, providing a solid basis for compiling this report. Based on thorough research, the "2019 China LED Outdoor Lighting Industry Survey Report" has been prepared.
This report starts from the production and consumption perspectives of the outdoor lighting industry, focusing on analyzing the development environment, domestic and international development status, competitive landscape, import and export situation, market demand, and market prices of China's LED outdoor lighting industry in 2018. It provides detailed analyses of key enterprises in the outdoor lighting industry through multi-channel data information, evaluates the development prospects of the outdoor lighting industry with scientific economic analysis models, and forecasts the development trend of the outdoor lighting industry for the next few years. This report is an important reference tool for understanding the current development dynamics of the LED outdoor lighting industry, grasping the development trend of the LED outdoor lighting industry, and correctly formulating development strategies. GGII hopes that through this research and in-depth analysis, it can provide investors, industry insiders, securities companies, and those interested in the LED outdoor lighting industry with accurate and valuable data and research reports on the LED outdoor lighting industry.
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