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Forecast and analysis of the development prospects of China's urban lighting industry

Time: 2021-06-19 Views: 288

According to relevant research, as more and more regions enter the process of urbanization in China, the development of industries and the evolution of people's needs, urban lighting has gradually completed the upgrade from functional lighting to artistic landscape lighting, providing better services For urban residents and business activities. The data shows that the output value of China's LED lighting market has grown from 259.6 billion yuan in 2015 to 415.5 billion yuan in 2018, with an average annual compound growth rate of 16.97%, which is higher than the global average. It is estimated that by 2021, the output value of China's LED lighting market is expected to reach 590 billion yuan, and it is still expected to maintain an average annual compound growth rate of more than 12%.