Market Size of china outdoor led lighting Industry
|
Study Period | 2017 - 2030 |
|
Market Size (2024) | USD 0.89 Billion |
|
|
Market Size (2030) | USD 1.33 Billion |
|
Largest Share by Outdoor Lighting | Streets and Roadways |
|
|
CAGR (2024 - 2030) | 6.80 % |
|
|
Fastest Growing by Outdoor Lighting | Streets and Roadways |
|
|
Market Concentration | Medium |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
China Outdoor LED Lighting Market Analysis
The China Outdoor LED Lighting Market size is estimated at 0.89 billion USD in 2024, and is expected to reach 1.33 billion USD by 2030, growing at a CAGR of 6.80% during the forecast period (2024-2030).
0.89 Billion
Market Size in 2024 (USD)
1.33 Billion
Market Size in 2030 (USD)
3.73 %
CAGR (2017-2023)
6.80 %
CAGR (2024-2030)
Largest Segment by Outdoor Lighting
70.81 %
value share, Streets and Roadways, 2023
China has made huge progress in developing its streets and roadways. The total sales of LED in this category are expected to reach 619.3 million units by the end of 2023.
Fastest-growing Segment by Outdoor Lighting
7.33 %
Projected CAGR, Streets and Roadways, 2024-2030
China's Belt and Road Initiative (BRI) is an ambitious infrastructure project with further development underway. The volume of LED penetration is expected to reach 60.4 million units.
First Leading Market Player
20.99 %
market share, OPPLE Lighting Co., Ltd, Ltd
OPPLE Lighting Co. Ltd holds the largest market share in China. In September 2022, the company launched the LED Floodlight EQIII outdoor lighting product. It is used in lighting billboards, stadiums, and yards, even in harsh environments.
Second Leading Market Player
13.66 %
market share, Panasonic Holdings Corporation, 2022
Panasonic Holdings Corporation holds the second-largest market share in China. In January 2020, the company produced the security lighting product "Dark Sky Friendly Lighting" to clear the IDA's strict standards.
Third Leading Market Player
11.92 %
market share, Signify Holding (Philips), 2022
Signify was the third-largest market player in China, accounting for 11.92% in 2022. Signify's Shanghai project focuses on three bridges across the Huangpu River: Yangpu, Nampu, and Xupu.
The continued demand for road and airport expansion has increased the demand for LED lighting products.
- In 2023, streets and roadways accounted for the majority of the value share, followed by public places and other areas. China's total highway length as of 2021 was about 169,100 kilometers, which increased by 8,100 kilometers from the previous year. Over the past 13 years, China's highway length has increased by 1.6 times, from 65,055 kilometers in 2009. As of 2020, 13 provinces in China had over 200,000 kilometers of expressway networks, with Sichuan having the longest at more than 394,000 kilometers. The road network is expanding to promote the development of the logistics industry, with Jiangsu Province functioning as a distribution center. In 2020, Jiangsu Province had the highest number of drivers, with about 677 million drivers using the highways, surpassing Guangdong to become the busiest province in China.
- In 2023, streets and roadways accounted for the majority of the volume share, followed by public places and other areas. Companies like Philips, Toshiba, and Osram are launching projects to promote the use of LED lighting. Philips Lighting has joined the Guiyang Project, which is part of the 1000 Villages of Solar LED Lighting Program, an initiative of the Climate Group and One Foundation. The project aims to bring solar-powered LED street lighting to rural areas in China.
- The construction of a new airport was planned to progress steadily in China by 2022, with six new cargo airports and 29 new multi-purpose airports to open in mainland China. Therefore, the advancements in the market are expected to lead to increased demand for outdoor lighting products in the coming years.
Understand The Key Trends Shaping This Market
China Outdoor LED Lighting Industry Segmentation
Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting.
- In 2023, streets and roadways accounted for the majority of the value share, followed by public places and other areas. China's total highway length as of 2021 was about 169,100 kilometers, which increased by 8,100 kilometers from the previous year. Over the past 13 years, China's highway length has increased by 1.6 times, from 65,055 kilometers in 2009. As of 2020, 13 provinces in China had over 200,000 kilometers of expressway networks, with Sichuan having the longest at more than 394,000 kilometers. The road network is expanding to promote the development of the logistics industry, with Jiangsu Province functioning as a distribution center. In 2020, Jiangsu Province had the highest number of drivers, with about 677 million drivers using the highways, surpassing Guangdong to become the busiest province in China.
- In 2023, streets and roadways accounted for the majority of the volume share, followed by public places and other areas. Companies like Philips, Toshiba, and Osram are launching projects to promote the use of LED lighting. Philips Lighting has joined the Guiyang Project, which is part of the 1000 Villages of Solar LED Lighting Program, an initiative of the Climate Group and One Foundation. The project aims to bring solar-powered LED street lighting to rural areas in China.
- The construction of a new airport was planned to progress steadily in China by 2022, with six new cargo airports and 29 new multi-purpose airports to open in mainland China. Therefore, the advancements in the market are expected to lead to increased demand for outdoor lighting products in the coming years.
| Outdoor Lighting | |
| Public Places | |
| Streets and Roadways | |
| Others |
Need A Different Region Or Segment?
China Outdoor LED Lighting Market Size Summary
The China Outdoor LED Lighting Market is poised for significant growth, driven by the expansion of infrastructure and increasing urbanization. The market is characterized by a robust demand for LED lighting solutions in streets, roadways, and public spaces, which dominate the value share. The expansion of China's highway network and the development of new airports are key factors contributing to this demand. Additionally, the sports sector's growth, with new stadiums and enhanced sports facilities, is expected to further boost the market for outdoor LED lighting. Companies like Philips, Toshiba, and Osram are actively promoting LED lighting projects, such as the Guiyang Project, which aims to introduce solar-powered LED street lighting in rural areas. This initiative, along with the construction of new airports and the rise in sports venues, underscores the increasing need for advanced lighting solutions across the country.
The market is moderately consolidated, with major players like EGLO Leuchten GmbH, Guangdong PAK Corporation Co., Ltd., OPPLE Lighting Co., Ltd, Panasonic Holdings Corporation, and Signify Holding (Philips) leading the charge. These companies are continuously innovating and expanding their product offerings to meet the growing demand. The rise in commercial real estate, the proliferation of electric vehicles, and the increase in home ownership in lower-tier cities are additional factors driving the adoption of LED lighting. As China continues to urbanize and modernize its infrastructure, the outdoor LED lighting market is expected to experience steady growth, supported by government initiatives and private sector investments.
China Outdoor LED Lighting Market Size - Table of Contents
-
1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
-
1.1 Outdoor Lighting
-
1.1.1 Public Places
-
1.1.2 Streets and Roadways
-
1.1.3 Others
-
-
China Outdoor LED Lighting Market Size FAQs
How big is the China Outdoor LED Lighting Market?
The China Outdoor LED Lighting Market size is expected to reach USD 894.55 million in 2024 and grow at a CAGR of 6.80% to reach USD 1.33 billion by 2030.
What is the current China Outdoor LED Lighting Market size?
In 2024, the China Outdoor LED Lighting Market size is expected to reach USD 894.55 million.
