Factors Driving The Growth of China's Public Lighting Market
Urban functional lighting: Infrastructures, such as airports, railways, ports and urban rail transit systems, require lighting. In addition, floodlighting in urban squares, green spaces, roads and buildings has expanded from large cities to small and medium-sized cities. As China continues to urbanize, the potential demand for urban public lighting projects is enormous.Industrial and commercial lighting: Today, industrial companies are paying more and more attention to the role of lighting in improving production efficiency, while commercial companies spend more money on lighting malls to attract customers. At the same time, public lighting in offices, schools and hospitals has improved significantly.Consumption upgrades: As consumption continues to escalate, consumers are increasingly paying attention to the choice of home lighting. Coupled with the rapid development of the real estate market, it will certainly promote the sales of indoor lighting. With the development of the mainland real estate industry, high-end residential communities and villas have emerged, increasing the demand for garden lights and lawn lights. Demand for high-end lighting fixtures is increasing.Environmental Protection and Energy Conservation: In recent years, China has been promoting environmental protection and energy conservation. The gradual introduction of policies and regulations such as the “Energy Conservation Law of the Republic of China” and the “Opinions on Accelerating the Development of Energy Conservation and Environmental Protection Industry” provided support for the development of the environmental protection industry. At the same time, the promotion of energy-saving and environmentally friendly products is driving the demand for energy-efficient lighting products.
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