China's outdoor lighting industry is an emerging industry that has received increasing attention in recent years for its rapid development in China. After years of development, the market scale of China's outdoor lighting industry has been expanding and a healthy and dynamic industry pattern has been formed.
According to the 2023-2029 China Outdoor Lighting Industry Market Research Analysis and Investment Trends Forecast Report released by MarketResearchOnline.com, in the first half of 2019, the total output value of China's outdoor lighting industry reached 61.17 billion yuan, up 14.6% year-on-year. Among them, the output value of the lighting equipment manufacturing industry was 33.53 billion yuan, up 17.6% year-on-year; the output value of other manufacturing industries was 27.64 billion yuan, up 12.2% year-on-year. Meanwhile, the product exports and imports of China's outdoor lighting industry also showed a rapid growth trend, with total exports and imports of 12.86 billion yuan and 1.71 billion yuan respectively in the first half of 2019.
Due to the emphasis on safety lighting, China's outdoor lighting industry is expected to continue its rapid development in the future. In the future, China's outdoor lighting industry will continue to take advantage of its development and innovation, continue to promote the industry's development, improve product quality, broaden market sales channels, continue to explore international markets and expand into new directions to meet the rising market demand.
In addition, with the government's increased awareness of environmental protection, energy-saving and environmentally friendly outdoor lighting will also become a future development trend. The Chinese government has always considered energy saving and environmental protection as an important development direction, so energy saving and environmental protection outdoor lighting will become one of the development focuses of China's outdoor lighting industry in the future.
Overall, the market size of China's outdoor lighting industry is expanding, and the future development trend will also focus on energy saving and environmental protection and innovative development to meet the rising demand of the market.
Post time: May-30-2023