In early 2009, the Ministry of Science and Technology of China launched the “Ten Cities and Ten Thousands†semiconductor lighting application demonstration city program, which covers 21 domestic developed cities such as Beijing, Shanghai, Shenzhen and Wuhan. With the strong support of the policy, China's LED street lamp industry has developed rapidly. After the introduction of the support plan, China's LED street lamp installations will grow at an annual rate of more than 50%. By the end of 2013, the installed capacity of China's LED street lamps in the domestic market had reached 1.69 million baht.
At the beginning of the promotion of China's LED street lamp energy-saving renovation project, due to the immature business model and the high price of LED street lamp products, the progress was slow. In 2011, “Ten Cities and Ten Thousand Cities†entered the second stage, and the promotion of LED street lamps nationwide began to have certain effects. With the further maturity of business models in 2012-2013, the demand for domestic LED street lamps increased rapidly. From the overall scale, the domestic sales of LED street lamps in China has shown a rapid development trend since 2011.
However, with the decline of the support policy and the series of problems in the actual installation of LED street lamps, the installation volume of LED street lamps in China has entered a slow growth stage, and the price of LED street lamps has continued to decline rapidly. In 2014, the domestic market of LED street lamps in China was the first time. There is a negative growth.
In 2014, affected by the approval of domestic LED street lamp installation projects, the growth rate of domestic LED street lamp installations slowed down sharply, and the street lamp market in China was down to 2.8 billion yuan, down 30.9 year-on-year due to the continuous rapid decline in street lamp prices. %.
In 2015, the approval of China's LED streetlights will be significantly better than that of 2014. However, the current LED streetlight renovation project contractors have a wait-and-see attitude towards the market, and government subsidies have been withdrawn, and the street lighting renovation in South China, where LED streetlight enterprises gather a lot, is close. At the end, the transformation of China's LED streetlights will enter a stage of benign and steady growth, and the trend of doubling year by year will not continue.
GGII expects that due to the continuous decline in prices and the slow recovery of demand, the domestic sales of LED street lamps in China will continue to decline in the next two years. The domestic market of LED street lamps in China will enter the winter season.
However, as the price declines and the demand continues to rise, the decline in the domestic sales of LED street lamps in China will slow down. GGII expects that by 2017, China's LED street lamp industry will burst into ice in the spring of a new round of development, and the industry market will see a positive growth.
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