2022 China LED Lighting Industry Market Size and Export Regional Distribution Forecast Analysis

Currently, a global industrial landscape has preliminarily formed with North America, Europe, and Asia as the three central regions, each possessing strong advantages in different fields. Developed economies represented by the United States, Japan, and Germany, which possess full LED lighting industry chain manufacturing capabilities, hold an advantage in the high-end market but are constrained by high labor, logistics, and supply chain costs, failing to achieve scale effects. China possesses full LED lighting industry chain production and manufacturing capabilities, becoming the world's largest exporter of LED lighting products.

LED lighting market size

Data shows that the market size of China's LED lighting industry has been growing year by year. It increased from 635.8 billion yuan in 2017 to 862.7 billion yuan in 2020, with a compound annual growth rate of 10.7%. The China Merchants Industry Research Institute predicts that the market size of China's LED lighting industry will reach 1008.5 billion yuan in 2022, representing a year-on-year (YoY) increase of 7.0%.

Data source: compiled by CSA and China Solid State Lighting Alliance

LED Lighting Export Regional Distribution

Data shows that in 2021, the cumulative export value of China's entire lighting industry reached USD 65.47 billion, with LED lighting products accounting for USD 47.45 billion, representing 72.47% of the total industry exports. LED lighting products are China's primary exported lighting category, with main destinations including Europe, North America, and Southeast Asia. Among these, exports to North America accounted for the largest share at 31.6%; exports to Europe accounted for 29.1%; and exports to Southeast Asia accounted for 9.9%.

Data source: China Lighting Electrical Industry Association, Zhongshang Industry Research Institute

For more information, please refer to the 'China LED Lighting Industry Market Prospects and Investment Opportunity Research Report' published by the China Business Information Industry Research Institute.