Public Lighting Is Vital to The Development of The National Economy And People's Livelihood
As China's economy continues to grow and its living standards improve, the demand for public lighting(CLASSIC) products in the mainland market is also expanding. In the past 20 years, China's lighting industry has developed rapidly, and the country has become the world's leading lighting producer and consumer. Light-emitting diodes (LEDs), compact fluorescent lamps (CFLs), electrodeless discharge lamps (EDLs) and organic light-emitting diodes (OLEDs) are the main products in the continental lighting market.
There are many factors driving the growth of the mainland lighting market, including:
Urban functional lighting: Infrastructure, 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 in lighting malls to attract customers. At the same time, the lighting of offices, schools and hospitals has also 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 People's Republic of China" and the "Opinions on Accelerating the Development of Energy Conservation and Environmental Protection Industry" have 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 public lighting products.
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