The domestic lighting market will increase to 500 billion in the next year

Relevant data show that in 2012 the domestic lighting industry scale will be close to 300 billion yuan, and this year it will grow to 350 billion yuan, and it is expected to grow to 500 billion yuan by 2015. And 12% of China's lighting market comes from LED lighting. It is estimated that by 2016, the average annual growth rate of China's LED general lighting market will be 43%.

Shang Pu consulting industry analysts believe that: the domestic LED lighting market is very large, with strong investment value. Relevant investors, with emphasis on brand, technology and channels, can easily obtain a substantial return on investment by choosing the right project.

Although the situation of the LED lighting industry has improved in 2013, the overcapacity problem still exists in the entire market, especially in the low-end market. In spite of this, China's LED lighting market has broad prospects and high investment value.

China's future LED lighting market has broad prospects. LED lighting is mainly divided into street lighting, commercial and civilian markets. At present, most of them are used in public lighting and commercial lighting, and the civilian market is also developing rapidly. The reasons for the above are manifold. First of all, the continuous progress of science and technology provides strong support for the development of LED lighting. With the continuous advancement of related technologies, the price of LED lighting products continues to decline, and the overall market share will inevitably continue to expand. Second, the unique advantages of LED lighting itself is also an important reason for the development of LED lighting market. LED lighting has unique advantages that incandescent lamps and energy-saving lamps cannot replace. In the future, the market will surely have greater development. Finally, the promotion of the national energy conservation policy and the support of relevant taxes are also indispensable external conditions for the development of the LED lighting market.

Even so, there are many problems in the LED lighting market. LED lighting product price factors have been hindering the expansion of the entire market. At the same time, due to low industry barriers, high government subsidies and preferential taxation policies, the low-end LED lighting market has a serious overcapacity problem, leading to fierce and vicious price competition. These are not conducive to the healthy development of the LED lighting market. The future LED lighting market should be more standardized, with brands, innovative, channeled companies will grow bigger, the corresponding non-technical, non-channel, non-branded companies will withdraw from the industry.

According to the "2013-2017 China LED Industry Market Survey and Development Trend Forecast Report" released by Champ Consulting, China's LED lighting market has a very broad prospect and has a very high investment value. In the future, the domestic LED lighting market will move from low-end malignant price competition to industrial concentration. Those companies with brands, channels, and innovative technologies will do better, and other companies lacking innovation, channels, and brands will gradually withdraw from the market.