The growing demand for LED lighting in China stimulates LED light market. Chinese LED manufacturer mainly focused on Research & Development of LED light; cost reduction, energy efficiency, and environmental friendly, long life. In China, the demand for lower-end LED product is high, but there is also stiff competition in this segment. According to Renub Research China LED Lighting Market is going to cross the US$ 29 Billion mark by the year-end of 2025.
LEDs provide numerous advantages over traditional lighting products such as longer shelf life, improved efficiency, environment-friendly, controllable, do not emit radiation, and use less power. LEDs are highly efficient in terms of energy and use significantly less power than incandescent bulbs. LED lights are increasingly replacing traditional lighting items in China, powered by their numerous advantages. By providing large-scale subsidies for the adoption of LED products, the Chinese government also plays a significant role in driving sector growth.
The National Development & Reform Commission announced the country's incandescent bulb phase-out roadmap in November 2011; the Chinese government also banned incandescent bulbs in the country. Some of the other key drivers of China's LED market include infrastructure expansion, price reductions, local energy savings goals, and increasing rates of urbanization.
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