Guangya Exhibition Information Sharing: 2022 China Landscape Lighting Industry Market Size And Development Prospects Analysis
Apr 12, 2022
Since 2018, under the influence of national policies such as "deleveraging", China's landscape lighting industry has begun to cool down. The project payment cycle has been prolonged, the proportion of margin has increased, and the industry competition has become increasingly fierce. The growth rate of output value has decreased from 38% in 2017 to 10% in 2019.
Since 2018, under the influence of national policies such as "deleveraging", China's landscape lighting industry has begun to cool down. The project payment cycle has been prolonged, the proportion of margin has increased, and the industry competition has become increasingly fierce. The growth rate of output value has decreased from 38% in 2017 to 10% in 2019. But due to the undiminished demand for urban development, as well as the 70th anniversary of the founding of the People's Republic of China, Wuhan military Games and other large-scale activities to promote, landscape lighting industry output value has always maintained growth.
In 2020, the COVID-19 epidemic swept the world, and the overall output value of China's LED lighting industry declined. Among the subsectors, the output value of general lighting, as a rigid demand industry, remained stable. The output value of landscape lighting industry was 71.6 billion yuan, down 35% from 2019, accounting for 12% of the LED lighting application market.
In 2021, the domestic epidemic is under control, and the output value of landscape lighting industry rises to about 80 billion yuan.
