Analysis of investment prospects for outdoor lighting: Market demand continues to increase, with urban road lighting accounting for the largest proportion

According to the in-depth research and investment prospect analysis report on the current situation of China's outdoor lighting industry (2023-2030) released by Guanyan Report Network, outdoor lighting refers to lighting other than indoor lighting.

  Outdoor lighting fixtures are lamps used outdoors, such as in parks, squares, on both sides of roads, and for outdoor advertising.

  Outdoor lighting fixtures mainly include: lawn lights, courtyard lights, tunnel lights, floodlights, underwater lights, street lights, wall washing lights, landscape lights, buried lights, etc.

  Lamp Description: The frame of the lamp panel is made of high-quality steel, which has been hot-dip galvanized. The sealing plate is made of aluminum plate. The fasteners, bolts, and nuts are made of stainless steel.

Industry market size

  With the acceleration of urbanization, the demand for outdoor lighting in areas such as urban landscape, road lighting, commercial lighting, and sports facility lighting is constantly increasing.

  According to the "China Urban Construction Statistical Yearbook" edited by the Ministry of Housing and Urban Rural Development, the number of urban road lighting lights in China has increased from 27.3834 million in 2018 to 32.4593 million in 2021, with an average annual growth rate of 5.77%. It is expected that the number of urban road lighting lights in China will reach 34.5463 million in 2022. According to the average annual replacement of street lights in China, the number of newly added and replaced urban road lighting lights in 2022 is approximately 5.177 million.

  Based on an average price of 12800 yuan per set of street lights, the market size of urban road lighting in China is estimated to be 66.244 billion yuan in 2022. In addition, landscape lighting accounts for approximately 20% to 35% of urban lighting investment in China. Overall, it can be concluded that the domestic urban outdoor lighting market in 2022 is approximately 98.09 billion yuan. The outdoor lighting market in other industrial and commercial sectors in China accounts for approximately 30% to 40% of the total outdoor lighting market. Based on this proportion, the market size of China's outdoor lighting industry can be calculated to be 164.305 billion yuan in 2022.

Industry demand scale

 The growth of the outdoor lighting industry is driven by various factors, including accelerated urbanization and increased investment in infrastructure construction. In the past decade, China's urbanization construction process has significantly accelerated, and the requirements for lighting environment in various industries of cities have been increasing year by year. As a result, China's outdoor lighting industry has maintained rapid development.

  According to data from the Ministry of Housing and Urban Rural Development, the number of urban road lighting fixtures in China has increased from 27.3834 million in 2018 to 32.4593 million in 2021. By 2022, the length of urban roads in China has exceeded 570000 kilometers, with approximately 433000 kilometers of installed streetlights and over 34.4 million lamps used for road lighting.

  On average, street lights in China are replaced every 8 years, and with the rapid advancement of urbanization, urban lighting facilities have significantly increased. In 2022, the average number of new and replaced street lights in China will reach over 5 million sets per year.

Industry segmentation market

  urban road lighting

  Urban road lighting refers to the lighting provided for urban roads. Urban road lighting can create a good visual environment for both motor and non motor vehicle drivers and pedestrians, ensuring traffic safety, improving transportation efficiency, and beautifying the urban night environment. With the acceleration of urbanization and the continuous expansion of urban scale, the demand for road lighting has also increased.

  As of 2022, the market size of urban road lighting in China is 66.244 billion yuan.

Landscape lighting

According to the different objects being photographed, urban landscape lighting can be divided into building (structure) landscape lighting, various square landscape lighting, commercial block landscape lighting, garden green space landscape lighting, mountain and water system landscape lighting, and decorative lighting of other public facilities. With the development of the tourism industry, more and more scenic spots and tourist cities need to attract tourists through landscape lighting.

The scale of China's outdoor landscape lighting market in 2022 is 31.766 billion yuan.

Other outdoor lighting

Lighting in commercial and residential buildings can enhance the aesthetics and recognizability of buildings, helping to enhance their value. The demand for lighting in commercial buildings such as shopping centers, office buildings, hotels, etc. mainly focuses on aesthetics, energy efficiency, and intelligence.

The market size of China's industrial and commercial outdoor lighting industry in 2022 is approximately 66.296 billion yuan.