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China LED Market Size to Worth USD 136.2 Billion by 2032 | With a 18.34% CAGR

10-16-2024 12:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

China LED Market

China LED Market

๐‚๐ก๐ข๐ง๐š ๐‹๐„๐ƒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

๐๐š๐ฌ๐ž ๐˜๐ž๐š๐ซ: 2023

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘: 29.9 Billion

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ: 136.2 Billion

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐‘๐š๐ญ๐ž: ๐Ÿ๐Ÿ–.๐Ÿ‘๐Ÿ’% (๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)

The growing need for energy-efficient lighting solutions as well as the initiatives promoting sustainable energy practices are the factors responsible for the growth of the China LED market. According to IMARC Group, the market is expected to exhibit a growth rate (๐‚๐€๐†๐‘) ๐จ๐Ÿ ๐Ÿ๐Ÿ–.๐Ÿ‘๐Ÿ’% during 2024-2032.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/china-led-market/requestsample

๐‚๐ก๐ข๐ง๐š ๐‹๐„๐ƒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:

The growing need for energy-efficient lighting solutions as well as the initiatives promoting sustainable energy practices are the factors responsible for the growth of the China LED market. Additionally, the market is propelling as there is an increasing focus on lowering energy consumption and carbon emissions, making LED lighting a preferred choice. LEDs are known for their long lifespan, less energy consumption, and environmental benefits, which align with the goals of energy conservation and reducing greenhouse gas emissions. Moreover, programs by government authorities offering subsidies and incentives for adopting LED technology have further accelerated market growth, encouraging widespread use across public infrastructure, street lighting, and smart city projects.

The rising demand for smart lighting systems, that integrate LED technology with Internet of Things (IoT) capabilities for enhanced control, energy management, and automation, is augmenting the China LED market. These systems allow users to adjust lighting remotely, optimize energy usage, and create customizable lighting environments, making them highly popular in both residential and commercial applications, which is acting as another significant growth-inducing factor. Furthermore, the rapid development of LED-based displays for televisions, smartphones, and advertising screens is another major growth driver, as the technology offers superior brightness, color accuracy, and energy efficiency. Apart from this, manufacturers are also focusing on innovations such as mini-LED and micro-LED technologies to cater to the demand for high-resolution displays. The continued advancements in technology and growing consumer awareness of energy efficiency are anticipated to drive the China LED market in the coming years.

๐๐ฎ๐ฒ ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/checkout?id=1212&method=505

๐‚๐ก๐ข๐ง๐š ๐‹๐„๐ƒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐“๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ก๐š๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ญ๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐œ๐š๐ญ๐ž๐ ๐จ๐ซ๐ข๐ž๐ฌ:

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐“๐ฒ๐ฉ๐ž:

โ— Panel Lights
โ— Down Lights
โ— Street Lights
โ— Tube Lights
โ— Bulbs
โ— Others

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง:

โ— Commercial
โ— Residential
โ— Institutional
โ— Industrial

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐ˆ๐ง๐ฌ๐ญ๐š๐ฅ๐ฅ๐š๐ญ๐ข๐จ๐ง ๐“๐ฒ๐ฉ๐ž:

โ— New Installation
โ— Retrofit Installation

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง:

โ— Guangdong
โ— Jiangsu
โ— Shandong
โ— Zhejiang
โ— Henan
โ— Others

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=1212&flag=C

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

๐Š๐ž๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

โ— ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ž๐ซ๐Ÿ๐จ๐ซ๐ฆ๐š๐ง๐œ๐ž (๐Ÿ๐ŸŽ๐Ÿ๐Ÿ–-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘)
โ— ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ— COVID-19 Impact on the Market
โ— Porter's Five Forces Analysis
โ— Strategic Recommendations
โ— Historical, Current and Future Market Trends
โ— Market Drivers and Success Factors
โ— SWOT Analysis
โ— Structure of the Market
โ— Value Chain Analysis
โ— Comprehensive Mapping of the Competitive Landscape

๐๐จ๐ญ๐ž: ๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ง๐ž๐ž๐ ๐ฌ๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ญ๐ก๐š๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ž ๐ฌ๐œ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ž ๐œ๐š๐ง ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐š๐ฌ ๐š ๐ฉ๐š๐ซ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง.

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

๐ˆ๐Œ๐€๐‘๐‚ ๐†๐ซ๐จ๐ฎ๐ฉ

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

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