The market faces many issues that could restrain growth because of the presence of a large number of vendors. However, the market is currently witnessing consolidation, which could reduce the number of vendors and increase the production of innovative lighting products. On the technological front, consolidation will increase the product life cycle and vendors could focus on their R&D processes. Furthermore, market consolidation will decrease the intensity of competition and price wars.
The growth of the LED Lighting
market in China is driven by several factors, especially strong government support towards the adoption of LED lighting. The Government of China has framed strong policies that have had a positive impact on the market, influencing the high adoption rate of LED lights. This government support is expected to continue, fueling the market’s growth during the forecast period.
Further, the report states that despite the presence of several drivers, the LED Lighting market in China faces serious challenges such as the high inventory levels in the LED supply chain. High inventory levels in the supply chain cause a fluctuation in demand, which in turn affects the profitability of vendors and the market at large.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
[Launch Time: 2014-07-27 23:06:35]