Q&A about stage lighting industry

August 09, 2022

Q: Does the Chinese government have any policy about the lighting industry?

A: On March 5, 2022, the Fifth Session of the 13th National People's Congress opened at the Great Hall of the People. Premier Li Keqiang summarized the past year and set out the main development targets for 2022. Six keywords related to the field of lighting industry are as follows:

1, We will advance the work of carbon peaking and carbon neutralization in an orderly manner. Since the implementation of the power rationing policy, there has been a trend of "LED street light" replacement across the country. Therefore, there is still a large market space in the LED energy-saving lighting transformation part, which is a key area of concern.

2, According to the Transport development plan formulated by the Ministry of Transport, massive new infrastructure and road&railway construction are expected to be added in 2022, which will further improve the development of rail transit lighting and road lighting market

3, We will promote digital transformation of industries and develop smart cities and villages. As expected in 2022, the market scale of smart lighting industry is expected to exceed 100 billion yuan.

4, Actively respond to the aging of the population and optimize the supply of old-age services in urban and rural areas. The rapid increase in the number of medical and old-age care institutions naturally drives the rapid development of medical lighting. Combined with the research on green, energy saving and healthy hospital lighting, the future development of the medical lighting market should not be underestimated

5, Continue to reduce burdens in compulsory education. Increase the construction of school resources. The construction of the school's stage and auditorium has also been increased on a large scale, this will be an opportunity for the stage lighting market.

6, Continue to develop areas that have been lifted out of poverty and revitalize all rural areas. Promote the integration of agriculture, culture and tourism, strengthen cultural and ethical progress in rural areas. The first national standard of village lighting "Village Lighting Code" has been formally implemented, which has further improved the village lighting market.

Q: What is the impact of the Russia-Ukraine situation on foreign trade in the lighting industry?

A: In 2021, the total amount of lighting products exported from China to Russia increased by 20.7% year-on-year, among them LED lighting products increased by 17.6% year-on-year; and lighting products exported from China to Ukraine increased by 46.3% year-on-year, among them, LED lighting products increased 44.2% year on year.

Q: How will the the global lighting market change in the future?

A: According to a recent semiconductor lighting market analysis report released by Reportlinker, the global LED lighting market is expected to reach $132.96 billion by 2030. According to Reportlinker, the market is expected to expand rapidly at a compound annual growth rate (CAGR) of 10.5% during 2022-2030.

Q: What are the trends in the stage lighting industry?

A: 1. The competitiveness of high-tech enterprises with technological advantages will continue to improve

2. With the gradual diversification of cultural and entertainment projects, the demand for customized stage lighting equipment increases

3. The field of stage lighting equipment will step into a comprehensive digital and intelligent age, and its security, stability, and convenience of use will continue to improve.

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