An analysis of the future development prospects of China's lighting industry in 2023

With the improvement of people's quality of life, lighting products in the lives of the younger generation gradually from the necessities of life to consumer goods, the diversity of electric light sources and lighting products, personalized will gradually meet this consumer demand. Entering the "14th Five-Year Plan", under the background of the green and high-quality macro market situation, as well as the technological development situation of intelligence and the IoT, the development of the lighting industry takes intelligence and health as the main driving force, the technology development speed is fast, and the application field continues Subdivision deepens, and the development trend of cross-border integration is obvious. 2022 China's lighting market size of about 121.5 billion yuan, an increase of 3.82.

Keywords: lighting market size, lighting development background

1. Industry Overview

The manufacture of lamps and lighting devices refers to the manufacture of supporting, fixing and protecting parts and components that can reflect, transmit, distribute, control or change the light emitted by one or more electric light sources, as well as necessary circuit auxiliary devices, including the manufacture of indoor and outdoor architectural lighting, road lighting, production lighting, transportation equipment lighting and special lighting.

In recent years, the state has successively issued a series of policies to take the lighting industry as a key industry and vigorously promote the development of the OLED industry, including the "Guidelines for the Development of Key Common Technologies in the Industry by the Ministry of Industry and Information Technology (2017)" and "The Ministry of Industry and Information Technology's Implementation Opinions on Promoting the Quality of Manufacturing Products and Services", etc., encourage the acceleration of the process of large-scale investment in the lighting industry and the localized supply of supporting industries.

The industry chain of lamps and lighting equipment industry includes upstream raw material supply, midstream lighting production, downstream lighting applications and other links. The upstream industry of lamps and lighting equipment industry mainly involves suppliers of raw materials such as LED chips, electronic components, plastics, hardware and packaging materials. The downstream application fields of the lighting and lighting equipment industry mainly include family houses, office buildings, shops, schools, factories, etc.; the requirements of outdoor products such as stadiums are also constantly upgrading, and personalized and special needs are constantly emerging, which will promote the development of the lighting market.

Related reports: "China Lighting Industry Market Research and Investment Strategy Research Report" released by Zhiyan Consulting

2. development status

The development of lighting equipment starts from the light source, and the development of lamps is accompanied by the development of light source. With the development of lighting technology and the improvement of people's demand for lighting, the application of integrated lighting system has gradually developed. The development of modern light source from the end of the 19th century to the end of the 20th century, has experienced different stages of development, each stage has a new breakthrough. In 2022, the global lighting market size came to $259.63 billion, an increase of 4.88.

With the continuous improvement of lighting energy-saving technology, the upgrading of light source varieties and application fields, green lighting projects aimed at improving lighting efficiency, lighting quality, and lighting safety are in the ascendant and booming worldwide, and have received widespread attention from governments. At present, the implementation of "green lighting" has become an important part of many countries to achieve energy conservation and emission reduction, environmental protection, and rose to the national strategic organization to promote. In 2022, the output of lighting lamps in China is about 5.96 billion sets, the demand is about 1.51 billion sets, and the average market price is 81.5 yuan per set.