Politics changes drive Chinese street lights market to reach 14.2 billion yuan

Politics changes drive Chinese street lights market to reach 14.2 billion yuan

   LED Chinese street lights are becoming more popular as LED roadway lighting develops and grows. It is universally acknowledged that LED Street light outperforms traditional ones in environment protection, energy conversation, brightness and safety. Thus, more cities are making plans to replace traditional street light with LED ones in all around the world.

   In China new five-year plan, it defines major objective and key mission. It make clear that by 2020 environment protection & energy conversation and new energy market will break through 10 trillion yuan as pillar industry.

   According to a rough research, in china about 700 million kWh will be wasted out due to excessively bright light, which increase the carbon emission and bad gas. It also influence human to rest normally.

   Benefiting from the replacement tide for LED Chinese street light, Chinese LED street light market gained new developing force. A new report shows that in 2017 LED street light market with rapid development reached 11.9 billion yuan, up 26% growth year on year. It is estimated that in 2018 LED street light market will reach 14.2 billion yuan.

   From the above, a global trend to replace strretligths with LED ones will become trends. LED products will be widely used to cut cost and carbon emissions. In this new developing opportunity, Chinese street light will face lasrger market and more challenging situation, and innovation may be the only answer to this challenge.