Apr 4 2008
Research and Markets has announced the addition of China Sourcing Report: LED Light Fixtures to their offering.
The LED light fixtures industry in China is growing rapidly, with the country now the largest supplier of the product, accounting for an estimated 70 percent of global output.
Production is practically wholly export oriented, and with the value of shipments rising an average 18 percent annually, revenue is expected to reach nearly US$2 billion within the next three years. Exports in 2007 were estimated at US$1 billion, or about one-third of China's total shipments of spotlights, electric lamps and lighting fittings, and Christmas lights.
Suppliers are ramping up product development efforts to spur demand, receiving ample support from the government, which is looking to promote production and use of LED light fixtures domestically.
With the help of this report, you too can profit from this expanding industry.
This report will answer questions such as:
- How will rising production costs affect pricing in the next 12 months?
- Which suppliers are moving upmarket?
- What are the main design and product development trends?
- How do production hubs differ in terms of product offerings and pricing?
- And much more...
With profiles of 37 suppliers, a comprehensive industry overview, and detailed product and pricing information, this report will help you qualify suppliers before your next sourcing trip to China.
What you'll get
In-depth profiles of 18 major suppliers with a comprehensive look at their product and pricing strategy, manufacturing and export capability, verified contact details, and more — this information is not available anywhere else
Profile tables of 19 additional suppliers, with key information such as production capacities, export capabilities, primary export markets and main machinery
98 full-color images that depict popular LED light fixture exports, complete with product descriptions, prices, minimum order requirements and delivery times
Results of the custom-designed supplier survey, which forecasts industry trends for the next 12 months
Verified supplier contact details, including names, e-mails, telephone numbers and websites of profiled makers
This report covers the main types of LED light fixtures produced and exported from China: ceiling, wall mounted, and in-ground lamps
The following are some of the key developments we see in China's LED light fixtures industry:
- Prices will increase in coming months due primarily to the high cost of diodes and rising wages. The latter is particularly common in the coastal provinces of China where most LED light fixture makers are located.
- There will be substantial investment in automatic machinery as suppliers improve efficiency as part of efforts to control operational expenses and keep upcoming price adjustments to a minimum.
- Many suppliers will boost capacity significantly in the year ahead as they prepare for a rise in orders, particularly from the EU. Some makers without dedicated facilities for LED light fixtures and trading companies venturing into production will construct new or additional factories.
- Despite high prices, sales of LED lamps will be strong, driven primarily by shipments to the EU and the US. To attract orders, suppliers will be releasing models that are suitable even for functional commercial lighting.