The lighting industry has been steadily developing over the last two decades, with China becoming one of the largest manufacturing base and consumer market. According to data compiled by Hong Kong Trade Development Council (HKTDC) lighting products manufactured in China was up 10.7% YoY to RMB 418.5 billion (US $65.86 billion) in 2014.
Potential market demand analysis
1. Analyses of China’s lighting market demand
Important infrastructures in cities, such as airports, railways, harbors and other subways and rails have been the main source for market demands.
2. Residential lighting trends placing more emphasis on setting the mood with ambient lighting.
Consumers demands for residential lighting has shifted from simple lighting functions to ambient lighting, with more attention being placed on whether the luminaire’s design and material matches interior decoration. The luminaire design, style and color are all becoming increasingly important for consumers, and more are seeking artistically designed lights.
3. Visible decorative lighting trends in residential lighting sector include the increasing demand for fashionable, unique, energy efficient, and enivornmental friendly luminaires.
4. Luminaire designs are also becoming increasingly specialized, with many developed to meet different application sector demands, for instance desk lamps, fluorescent lamps, dinner lights, floor lamps and others.
Besides adding various functions to the lights, the decorative lighting sector has also started to develop lights especially for children. Energy efficienct, environmental friendly and high technology elements are also becoming very important development directions.
5. The Chinese govnerment’s solid state lighting policies and projects has transformed Shanghai, Dalian, Nanchang, Xiamen, Shenzhen, Yangzhou and Shijiazhuang into the top seven manufacturing bases in China. These manufacturing bases make up about 70% of China’s LED production, while LED lighting products have a market share of about 20%.
