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What is the global position of China’s lighting industry ?

(1) Overview of the Global Lighting Industry

In 2021, the global lighting industry had a scale of approximately $160 billion, with a year-on-year growth of 6.7%.
Population growth and the process of urbanization have long been the core driving forces behind the overall demand for lighting products. However, the sudden outbreak of the pandemic since 2020 has dealt a heavy blow to the global economy. The reasons for the counter-trend increase in the scale of the global lighting industry include global currency overissuance, resulting in excessive
liquidity and strong consumer demand after subsidies to residents, high growth in epidemic-driven products related to epidemic prevention and home economies,and upstream raw material prices and other costs remaining high due to epidemic disturbances, thereby driving up terminal prices.

At the same time, global resource scarcity and climate change are also receiving increasing attention. Governments around the
world are adopting increasingly strict regulations and policies to enhance energy efficiency and reduce carbon emissions in response to this situation.The lighting industry is also making efforts to innovate and apply more environmentally friendly and low-carbon lighting technologies to meet the high demand for energy consumption control, and has achieved remarkable results. Due
to the high complexity and high dispersion of the lighting market, this process is arduous and long-lasting.

According to the European Commission, the global electricity consumption for lighting was estimated to be around 2900
terawatt-hours (TWh) in 2020, equivalent to 16.5% of the global electricity generation for that year. Although this figure remains high, in comparison, the global lighting electricity consumption was approximately 2650 TWh in 2010,accounting for 19% of the world’s total electricity consumption at that time.This means that over a span of 10 years, the world population grew from 6.9
billion to 7.7 billion, global GDP increased from $63 trillion to $85 trillion, and the urbanization rate increased by 6 percentage points from 50% to 56%.However, the increase in electricity consumption was only 250 TWh, and the proportion of electricity generation decreased by 2.5 percentage points. From this perspective, the innovation and application of energy-saving lighting technologies have played a crucial role in driving progress in human society.

(2)The Global Position of China’s Lighting Industry

In 2021, the scale of China’s lighting industry reached 680 billion RMB, accounting for nearly two-thirds of the global share.
The core factors lie in its integrated industrial system and comprehensive infrastructure, establishing China’s position as a global hub for lighting manufacturing and supply chains. Over the past two years, the repeated impacts of the pandemic have disrupted overseas supply chains, making it difficult to recover. However, as the world’s factory with systematic containment measures against
the pandemic, China has led the global recovery by quickly resuming production. This rapid recovery further highlights its production and supply chain advantages. Against the backdrop of supply-demand imbalances caused by the pandemic, China effectively bridged the global supply gap and temporarily replaced the export share of other countries, demonstrating its role in connecting domestic and international trade cycles.

According to data from the World Trade Organization (WTO), in 2020, China’s share of global merchandise exports exceeded 18%, reaching a historical high, compared to around 13% before the pandemic. The proportion of China’s lighting industry in the global market also increased from half before the pandemic to two-thirds.

In the era of LED lighting, the advantages of international lighting giants in innovation, research and development,design,manufacturing, and product applications are no longer as significant as in the traditional lighting era. Therefore, major manufacturers have undergone significant adjustments in recent years. Apart from a few giants like Signify who remain steadfast, the majority have shrunk, exited, or transformed their lighting businesses. Meanwhile, Chinese lighting enterprises have developed rapidly. During the “Twelfth Five-Year Plan” period, no Chinese companies were among the global top ten in lighting. However, as of now, three Chinese companies have entered the top ten. It is expected that by the end of the”Fourteenth Five-Year Plan” period, Chinese lighting enterprises will occupy a significant share of the global top ten.

 

 

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