China Indoor LED Lighting Market Size

The China Indoor LED Lighting Market is projected to experience significant growth over the forecast period, driven by increasing demand across various sectors. The market's expansion is largely attributed to the rising need for indoor lighting in industrial and warehouse settings, which currently dominate the market share. Despite challenges such as weak domestic consumption and supply chain disruptions, the demand for indoor LEDs is expected to grow, fueled by the booming automotive manufacturing sector and the robust expansion of the retail industry. Additionally, the growth of commercial spaces, particularly in healthcare and smart logistics, is anticipated to further propel the market size.

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Market Size of china indoor led lighting Industry

China Indoor LED Lighting Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 3.87 Billion
svg icon Market Size (2030) USD 6.70 Billion
svg icon Largest Share by Indoor Lighting Industrial and Warehouse
svg icon CAGR (2024 - 2030) 9.58 %
svg icon Fastest Growing by Indoor Lighting Agricultural Lighting

Major Players

China Indoor LED Lighting Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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China Indoor LED Lighting Market Analysis

The China Indoor LED Lighting Market size is estimated at 3.87 billion USD in 2024, and is expected to reach 6.70 billion USD by 2030, growing at a CAGR of 9.58% during the forecast period (2024-2030).

3.87 Billion

Market Size in 2024 (USD)

6.70 Billion

Market Size in 2030 (USD)

3.55 %

CAGR (2017-2023)

9.58 %

CAGR (2024-2030)

Largest Segment by Indoor Lighting

79.65 %

value share, Industrial and Warehouse, 2023

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China is a net exporter and one of the cheapest manufacturing hubs in the world. Its total exports hit an all-time high in 2022, accounting for USD 6.3 trillion, up by 7.7% from 2021.

Largest Segment by Commercial

65.57 %

value share, Retail, 2023

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The total sales of LEDs in this category were expected to reach USD 241.94 million by 2023. The luxury brands accounted for 41% of all stores in China in 2022.

Fastest-growing Segment by Indoor Lighting

15.49 %

Projected CAGR, Agricultural Lighting, 2024-2030

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China has a strong manufacturing infrastructure with YOY production growth of 2.2%, which may help it grow its presence and bag long-term foreign businesses in the coming years.

Fastest-growing Segment by Commercial

7.28 %

Projected CAGR, Office, 2024-2030

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China's retail sales in the first two months of 2023 maintained a growth of 3.5%, whereas the total retail sales in the first five months of 2023 increased by 9.3% Y-o-Y.

Leading Market Player

11.32 %

market share, OPPLE Lighting Co. Ltd, 2022

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Opple Lighting Co. Ltd holds the highest market share in China. Its domestic sales network covers 95% of cities above the county level through 4,000 Opple stores and 30,000 sales outlets.

Growing star-ups, rising manufacturing facilities, and increasing retail sales are expected to raise the demand for indoor lighting

  • In 2023, industrial and warehouse (I&W) accounted for the majority of the share (79.6%), followed by commercial, agricultural, and residential. The market share is expected to have a minimal reduction in all applications and a gain in (I&W) in the coming years. Chinese industries faced several internal and external headwinds, such as weak domestic consumption, declining business confidence, and supply chain disruptions caused by the surge of COVID-19. Further, China sustained its industrial production in 2021. In 2021, China produced a total of USD 4865.8 billion, an increase of 26.04% compared to 2020. Thus, the growing industrial production will create demand for Indoor lighting in the coming years.
  • The demand for automotive manufacturing plants and warehouses across China is rising, and this is due to the global auto market relying on China because of its cheap components, source of finished cars, and others. Such instances necessitate more requirements for Indoor LEDs during the study period. BMW opened a new factory in the city of Shenyang, and Audi started production at a new EV factory in the city of Changchun.
  • China’s retail sector continues to show signs of robust growth, with retail sales surging by 12.7% in May 2023 from a year earlier. The rapid increase in online shoppers is further expected to boost the need for new warehouses in the region, resulting in more demand for indoor lighting.
  • China is one of the top players in creating billion-dollar start-ups. In 2022, China added 74 new unicorns, falling behind the United States. Around 70% of its new unicorns come from the healthcare and smart logistics sectors, which surges the demand for commercial spaces. The above instances are expected to drive the demand for Indoor LEDs in the coming year.
China Indoor LED Lighting Market

China Indoor LED Lighting Industry Segmentation

Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting.

  • In 2023, industrial and warehouse (I&W) accounted for the majority of the share (79.6%), followed by commercial, agricultural, and residential. The market share is expected to have a minimal reduction in all applications and a gain in (I&W) in the coming years. Chinese industries faced several internal and external headwinds, such as weak domestic consumption, declining business confidence, and supply chain disruptions caused by the surge of COVID-19. Further, China sustained its industrial production in 2021. In 2021, China produced a total of USD 4865.8 billion, an increase of 26.04% compared to 2020. Thus, the growing industrial production will create demand for Indoor lighting in the coming years.
  • The demand for automotive manufacturing plants and warehouses across China is rising, and this is due to the global auto market relying on China because of its cheap components, source of finished cars, and others. Such instances necessitate more requirements for Indoor LEDs during the study period. BMW opened a new factory in the city of Shenyang, and Audi started production at a new EV factory in the city of Changchun.
  • China’s retail sector continues to show signs of robust growth, with retail sales surging by 12.7% in May 2023 from a year earlier. The rapid increase in online shoppers is further expected to boost the need for new warehouses in the region, resulting in more demand for indoor lighting.
  • China is one of the top players in creating billion-dollar start-ups. In 2022, China added 74 new unicorns, falling behind the United States. Around 70% of its new unicorns come from the healthcare and smart logistics sectors, which surges the demand for commercial spaces. The above instances are expected to drive the demand for Indoor LEDs in the coming year.
Indoor Lighting
Agricultural Lighting
Commercial
Office
Retail
Others
Industrial and Warehouse
Residential
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China Indoor LED Lighting Market Size Summary

The China Indoor LED Lighting Market is poised for significant growth, driven by various industrial and economic factors. The market is experiencing a shift in demand across different sectors, with industrial and warehouse applications currently holding the largest share. This trend is expected to continue, albeit with slight reductions in other sectors such as commercial, agricultural, and residential. The resurgence of industrial production, particularly in automotive manufacturing, is a key driver, as global reliance on China's manufacturing capabilities increases. Additionally, the rapid expansion of the retail sector and the rise in online shopping are fueling the need for new warehouses, thereby boosting the demand for indoor LED lighting. The growth of billion-dollar start-ups in sectors like healthcare and smart logistics further propels the demand for commercial spaces, contributing to the market's expansion.

The market's growth is also supported by socio-economic changes, such as increasing homeownership rates and rising disposable incomes, which enhance the spending power of individuals on residential spaces. The trend towards smaller living spaces, coupled with government initiatives like subsidies for energy-efficient lighting, is expected to drive LED penetration in homes. Despite challenges in the real estate market, opportunities for growth exist in the renovation of existing structures and the development of green buildings, aligning with China's energy conservation goals. The market is characterized by fragmentation, with major players like ACUITY BRANDS INC., Guangdong PAK Corporation Co. Ltd, OPPLE Lighting Co. Ltd, Panasonic Holdings Corporation, and Signify (Philips) leading the way. Recent innovations in lighting systems, such as those by Luminis and Luminaire LED, highlight the ongoing advancements in the sector, further supporting the market's growth trajectory.

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China Indoor LED Lighting Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Indoor Lighting

      1. 1.1.1 Agricultural Lighting

      2. 1.1.2 Commercial

        1. 1.1.2.1 Office

        2. 1.1.2.2 Retail

        3. 1.1.2.3 Others

      3. 1.1.3 Industrial and Warehouse

      4. 1.1.4 Residential

China Indoor LED Lighting Market Size FAQs

The China Indoor LED Lighting Market size is expected to reach USD 3.87 billion in 2024 and grow at a CAGR of 9.58% to reach USD 6.70 billion by 2030.

In 2024, the China Indoor LED Lighting Market size is expected to reach USD 3.87 billion.

China Indoor LED Lighting Market Report Snapshots