LED Lighting Market in China 2014-2018
Owing to these advantages, customers prefer to use LEDs for general lighting applications. In China, LEDs are gaining more importance due to their power and luminous efficacy. Moreover, the government also supports the adoption of LED lighting to a large extent. Thus, China is becoming one of the largest potential markets for LED lighting.
The analysts forecast the LED Lighting market in China will grow at a CAGR of 26.9 percent over the period 2013-2018.
The LED Lighting market in China covers the end-user segments which made a significant contribution to market revenue in 2013. The key end-user segments covered in this report are the Commercial, Industrial, Outdoor, and Residential segments. The report also discusses China's 12th Five Year Plan and its implications for the market and value chain for the forecast period.