The Government Is Strongly Promoting The Development of Public Lighting
The public lighting industry includes general lighting, automotive lighting and backlighting. The general lighting market is the main revenue-generating sector, followed by automotive lighting and backlighting. The general lighting market includes lighting applications for residential, industrial, commercial, outdoor and architectural purposes. The residential and commercial sectors are the main drivers of the general lighting market. Ordinary lighting can be traditional lighting or LED lighting. Traditional lighting is divided into linear fluorescent lamps (LFL), compact fluorescent lamps (CFL), and other luminaires including incandescent bulbs, halogen lamps, and high-intensity discharge (HID) lamps. Due to the increasing popularity of LED technology, sales in the traditional lighting market will decline.The market is seeing rapid development of public lighting technology. For example, in the residential sector, incandescent, CFL and halogen lighting technologies dominated the market in terms of revenue contribution in 2015. We expect LED to be the main source of revenue for the residential sector during the forecast period. Technological transformations in the market are moving towards product enhancements aimed at improving efficiency and energy efficiency. These technological shifts in the market will also force suppliers to better respond to customer technology needs.Strong government support is one of the main factors driving the growth of the global public lighting market. The Chinese government is considering reducing the amount of electricity generated by coal-fired power plants, expanding nuclear power generation bases, encouraging green technologies in various manufacturing sectors, and promoting efficient lighting technologies to reduce energy consumption. The government plans to provide subsidies to LED lighting manufacturers to expand and encourage the production of innovative lighting solutions. All of this government work is focused on increasing the adoption rate of LEDs in the domestic market, which in turn will increase the market's growth prospects during the forecast period.
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