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THE LIGHTING FIXTURES MARKET IN CHINA ASIA

July 2016 S27

Research prepared by A. Volpe All CSIL publications are available for online purchase and immediate download from:

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The lighting fixtures market in China

Jul-16 R3199

© Copyright CSIL This report is exclusively for consultation on the part of the purchaser. It may not be reproduced in whole or in part by any means whatsoever without the prior written permission of CSIL

I

TABLE OF CONTENTS

INTRODUCTION 1 Research tools and methodological notes 1 Table 0.1 China. Exchange rates between RMB and USD - EUR, 2010-2015 1 Terminology 2 Figure 0.1   China. Provinces and regions 3 Other CSIL reports in the lighting industry 3 

1 BASIC DATA 4 Table 1.1 China. Lighting fixtures production, consumption, international trade by segment, 2015. USD million and % shares 4 Figure 1.1  World production of lighting fixtures, 2014: High Income countries and Middle and Low Income countries. % values 5 Figure 1.2  World consumption of lighting fixtures, 2014: High Income countries and Middle and Low Income countries. % values 5 Table 1.2  General lighting in 60 countries. Activity trend 2009-2014. Lighting fixtures, lighting components, lamps. US$ million and

annual % changes 6 

2 ACTIVITY TREND 7 Table 2.1 China. Lighting fixtures production, consumption, international trade, 2010-2015. USD million and % annual changes 7 Table 2.2 China. Lighting fixtures consumption, 2010-2015. USD million and % annual changes 7 Table 2.3 China. LED lighting production and consumption, 2010-2015. USD million and % annual changes 7 

3 INTERNATIONAL TRADE 8 3.1 Exports 8 

3.1.1 General lighting 8 Table 3.1 China. Exports of General Lighting*, 2010-2015. USD million and % annual changes 8 

3.1.2 Lighting fixtures and components 8 Table 3.2 China. Exports of Lighting fixtures and components by country and by geographical area, 2010-2015. USD million and %

annual changes 10 Table 3.3 China. Exports of Lighting fixtures by country and by geographical area, 2010-2015. USD million and % annual changes 11 Table 3.4 China. Exports of Lighting components by country and by geographical area, 2010-2015. USD million and % annual

changes 12 3.2 Imports 13 Table 3.5 China. Imports of General Lighting*, 2010-2015. USD million and % annual changes 13 Table 3.6 China. Imports of Lighting fixtures and components by country and by geographical area, 2010-2015. USD million and %

annual changes 14 Table 3.7 China. Imports of Lighting fixtures by country and by geographical area, 2010-2015. USD million and % annual changes 15 Table 3.8 China. Imports of Lighting components by country and by geographical area, 2010-2015. USD million and % annual

changes 16 3.3 China and the worldwide trade of lighting fixtures 17 Figure 3.1  Six major importers of lighting fixtures. Imports, 2009-2014. US$ million 17 Figure 3.3  Six major exporters of lighting fixtures. Exports, 2009-2014. US$ million 17 

4 SUPPLY STRUCTURE 18 4.1 Light sources: Traditional and LED 18 Figure 4.1 China. Breakdown of lighting fixtures production by light source, 2011-2013-2015. % 18 Figure 4.2 China. Breakdown of lighting fixtures production by light source for each market segment, 2015. % 19 Table 4.1 China. Breakdown of lighting fixtures production by light source in a sample of companies, 2015. % 20 

4.1.1 Focus on LED lighting 22 Table 4.2 China. Total and LED based lighting fixtures production and consumption by segment, 2014-2015. USD million and %

shares 23 4.1.2 Suppliers of LED package 23 

4.2 Employment and productivity 27 Table 4.3 China. Employment in a sample of lighting manufacturers, 2011-2013-2015 28 Figure 4.3 China. Employees and turnover per employee in a sample of companies, 2015 29 4.3 Main manufacturing clusters. Connections with “Greater China” 30 

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Figure 4.4 China. Breakdown of lighting fixtures production by main regional clusters, 2015. % 31 4.4 Financial data 32 Table 4.4 China. Operating revenue and EBITDA of selected companies, 2015/2014. Thousand USD 32 4.5 Product breakdown: residential lighting 33 Figure 4.5 China. Breakdown of residential lighting fixtures production by style, 2011-2013-2015. % 33 Table 4.5 China. Breakdown of residential lighting fixtures production by style in a sample of companies, 2015 34 Figure 4.6 China. Breakdown of residential lighting fixtures production by product type, 2011-2013-2015. % 35 Table 4.6 China. Breakdown of residential lighting fixtures production by product in a sample of companies, 2015 36 4.6 Product breakdown: commercial lighting 37 Figure 4.7 China. Breakdown of commercial lighting fixtures production by product type, 2015. % 37 Table 4.7 China. Breakdown of commercial lighting fixtures production by product in a sample of companies, 2015 38 Figure 4.8 China. Breakdown of commercial lighting fixtures production by destination, 2011-2013-2015. % 40 4.7 Product breakdown: industrial lighting 41 Figure 4.9 China. Breakdown of industrial lighting fixtures production by destination, 2011-2013-2015. % 41 4.8 Product breakdown: outdoor lighting 42 Figure 4.10 China. Breakdown of outdoor lighting fixtures production by product type, 2011-2013-2015. % 42 

5 DISTRIBUTION 43 5.1 Distribution channels 43 Figure 5.1 China. Breakdown of lighting fixtures sales on the domestic market by distribution channel, 2011-2013-2015. % 44 Table 5.1 Breakdown of lighting fixtures sales in the domestic market by distribution channel in a sample of companies, 2015. % 45 5.2 Focus on Chinese E-Commerce 46 

5.2.1 Leading e-commerce players 47 Table 5.2 Top e-commerce furniture-related websites in China 2014/2013. USD million and percentage growth 47 Table 5.3 Top e-commerce furniture-related websites in China 2014/2013. USD million and percentage growth 48 5.3 Reference prices 52 Table 5.4 Consumer lighting reference prices, 2014. USD 53 5.4 Focus on furniture chains (selling also lighting fixtures) 54 5.5 Fairs and Associations 57 Table 5.5 Some leading architects and interior design studios operating in China 59 Table 5.5b China. More leading architects and interior design studios operating in China 60 Table 5.6 Some leading lighting designers active in China 61 

6 COMPETITIVE SYSTEM 62 6.1 Lighting fixtures production 62 Table 6.1 Total lighting fixtures production and market shares of 60 among the leading Chinese companies, 2015 67 6.2 Total lighting fixtures sales in China 68 Table 6.2 Lighting fixtures sales in China and market shares of 60 among the leading local and international companies, 2015 70 6.3 Residential lighting: production and sales in China 71 Table 6.3 Residential lighting fixtures production and market shares of 60 among the leading Chinese companies, 2015 74 Table 6.4 Residential lighting fixtures sales in China and market shares of 60 among the leading local and international companies,

2015 76 6.4 Commercial lighting: production and sales in China 77 Table 6.5 Commercial lighting fixtures production and market shares of 60 among the leading Chinese companies, 2015 81 Table 6.6 Commercial lighting fixtures sales in China and market shares of 60 among the leading local and international companies,

2015 82 6.4.1 Commercial lighting by product type 83 6.4.2 Commercial lighting by application 83 

Hospitality lighting 83 Table 6.7 Commercial lighting fixtures sales in China by application, 2015: hospitality 85 

Office lighting 86 Table 6.8 Commercial lighting fixtures sales in China by application, 2015: office 88 

Retail lighting 89 Table 6.9 Commercial lighting fixtures sales in China by application, 2015: retail 90 

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Lighting for Art and Museums 91 Table 6.10 Commercial lighting fixtures sales in China by application, 2015: art & museums 91 

Entertainment lighting 92 Table 6.11 Commercial lighting fixtures sales in China by application, 2015: entertainment 93 

Lighting for schools, airports, various 94 Table 6.12 Commercial lighting fixtures sales in China by application, 2015: big infrastructures* 94 6.5 Industrial lighting: production and sales in China 95 Table 6.13 Industrial lighting fixtures production and market shares of 60 among the leading Chinese companies, 2015 97 Table 6.14 Industrial lighting fixtures sales in China and market shares of 60 among the leading local and international companies,

2015 98 6.5.1 Industrial lighting by application 99 

Lighting for industrial plants 99 Table 6.15 Industrial lighting fixtures sales in China by product/application, 2015: industrial plants 100 

Weather resistant/explosion-proof lamps 101 Table 6.16 Industrial lighting fixtures sales in China by product/application, 2015: weather resistant/explosion-proof 102 

Marine lighting 103 Table 6.17 Industrial lighting fixtures sales in China by product/application, 2015: marine 103 

Healthcare lighting 103 Table 6.18 Industrial lighting fixtures sales in China by product/application, 2015: healthcare 104 

Emergency lighting 104 Table 6.19 Industrial lighting fixtures sales in China by product/application, 2015: emergency 105 6.6 Outdoor lighting: production and sales in China 106 Table 6.20 Outdoor lighting fixtures production and market shares of 60 among the leading Chinese companies, 2015 110 Table 6.21 Outdoor lighting fixtures sales in China and market shares of 60 among the leading local and international companies,

2015 111 6.6.1 Outdoor lighting by application 112 

Lighting for residential outdoor spaces 112 Table 6.22 Outdoor lighting fixtures sales in China by application, 2015: residential outdoor 113 

Lighting for urban landscape 114 Table 6.23 Outdoor lighting fixtures sales in China by application, 2015: urban landscape 115 

Christmas and special events lighting 116 Table 6.24 Outdoor lighting fixtures sales in China by application, 2015: Christmas and special events 116 

Lighting for major roads 116 Table 6.25 Outdoor lighting fixtures sales in China by application, 2015: major roads 118 

Lighting for tunnels and galleries 119 Table 6.26 Outdoor lighting fixtures sales in China by application, 2015: tunnels and galleries 120 

Campus/area lighting 121 Main players include Gangfeng, Opple, Philips, Inesa Feilo, Osram, Ledartek. 121 

Table 6.27 Outdoor lighting fixtures sales in China by application, 2015: sport plants/large areas 122 6.7 Lighting fixtures exports 123 Table 6.28 Lighting fixture exports and market shares of 60 among the leading Chinese companies, 2015 124 Table 6.29 Lighting fixtures sales in China and market shares of 60 among the leading foreign companies, 2015 125 6.8 Lighting fixtures exports by Region of destination 126 

6.8.1 Asia Pacific 126 Table 6.30 Lighting fixture sales to Asia Pacific and market shares of 60 among the leading Chinese companies, 2015 128 

6.8.2 Europe 129 Table 6.31 Lighting fixture sales to Europe and market shares of 60 among the leading Chinese companies, 2015 131 

6.8.3 Americas 132 Table 6.32 Lighting fixture sales to Americas and market shares of 60 among the leading Chinese companies, 2015 133 

6.8.4 Middle East and Africa 134 Table 6.33 Lighting fixture sales to Middle East and market shares of 60 among the leading Chinese companies, 2015 135 Table 6.34 Lighting fixture sales to Africa and market shares of 60 among the leading Chinese companies, 2015 136 

6.9 Main players in the LED lighting segment 137 Table 6.35 LED based lighting fixtures production and market shares of 60 among the leading Chinese companies, 2015 138 

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IV

Table 6.36 LED based lighting fixtures sales in China and market shares of 60 among the leading local and international companies, 2015 139 

7 DEMAND DRIVERS 140 7.1 Macroeconomic data 140 Table 7.1 China. Macroeconomic indicators, 2015 140 Table 7.2 China. GDP and inflation, 2010-2020. % annual changes 140 Figure 7.1 China. Per capita annual disposable income of urban and rural households, 2000-2015. USD 141 Figure 7.2 China. Distribution of adults by wealth range, 2015-2020. % shares 141 7.2 Population and urbanization process 142 Figure 7.3 China. Projected population in mega cities in 2030 142 Figure 7.4 China. Most growing big cities. Projected population: 2015-2020-2025-2030 142 Figure 7.5 China. Urban and Rural projected population: 2015-2020-2025-2030 143 Table 7.3 China. Annual population of urban agglomerations with 300,000 inhabitants or more in 2014 (thousands): 2015-2020-2025-

2030 143 Table 7.4 China. Growth rate of the main cities 144 Figure 7.6 China. Consumer expenditure by category, 2015 145 

7.2.1 Baoutou 145 7.2.2 Beijing 146 7.2.3 Chengdu 146 7.2.4 Daqing 147 7.2.5 Foshan 147 7.2.6 Guangzhou 147 7.2.7 Hangzhou 148 7.2.8 Shanghai 148 7.2.9 Shenzen 149 

7.3 Construction sector and real estate 150 Table 7.5 China. Investment in real estate development, 2012-2015. USD billion and % changes 150 Figure 7.7 China. Total investments in residential and non-residential buildings, 2000-2015 151 Table 7.6 China. Floor space of buildings of real estate development, 2012-2016*. % annual changes 151 Figure 7.8 China. Number of flats completed in residential buildings 152 Figure 7.9 China. Main Indicators of Real Estate Projects in 35 Large and Medium-sized Cities , 2014 153 7.5 The retail segment 154 Figure 7.10 China. Retail stock evolution. Million square metres and percentages 154 7.6 Infrastructures 155 Figure 7.11 China. Area of parks and length of paved roads, 1990-2014. Hectares and Km 155 Figure 7.12 China. Basic statistics on municipal infrastructure in Cities by Region, 2014 156 7.7 Demand and key players for the Hospitality segment 157 Figure 7.13 China and the United States. Number of hotel rooms and projections. Million Units 157 Table 7.7 China. Hotel market by segment, forecasts 2012-2015-2022. USD billion and % change 158 Table 7.8 China. Top 10 international and Chinese hotel chains/groups 158 Table 7.9 China. Major hotel chains by number of rooms. 2012 159 

APPENDIX: LIST OF COMPANIES 161