Shangpu Consulting: Necessary Conditions and Advantages of National Manufacturing Individual Champion Proof-Shangpu Consulting

Your location:Home Page > Researcher Articles > Business Growth Consulting >

Essence! Current Status and Challenges of Electric Light Source Industry in 2023

2024-07-18 10:32:27 Source: Champ Consulting Visits:0

Electric light source refers to the use of electrical energy into light energy devices, including light-emitting diodes (LED), fluorescent lamps, halogen lamps, xenon lamps, etc. Electric light source is widely used in lighting, display, backlight, automotive, medical and other fields, is a comprehensive industry involving multiple industrial chains. With the popularity of the global concept of energy conservation and environmental protection, as well as the support of national policies and technological progress, the electric light source industry has shown a rapid growth trend, especiallyLEDAs a high-efficiency and energy-saving electric light source, it has become the global mainstream lighting source.

According to data from Champ Consulting Group，2023The global electric light source industry market size is expected to reach750Billion US dollars, year-on-year growth12%, in whichLEDProportion reached70%, the market size reaches525Billion US dollars, year-on-year growth15%. In terms of regional distribution, the Asia-Pacific region is the world's largest consumer market for electric light sources, accounting48%, followed by Europe and North America, which accounted25%and20%. In terms of application structure, general lighting is the largest application area in the electric light source industry, accounting for up45%, followed by display and backlight applications, accounting15%and10%。

As the world's largest producer and consumer of electric light sources, China's industrial scale has developed rapidly in recent years. According to data from Champ Consulting Group，2023The market size of China's electric light source industry is expected to reach11000Billion yuan, year-on-year growth16%, in whichLEDProportion reached85%, the market size reaches9350Billion yuan, year-on-year growth18%. From the industrial chain structure, the proportion of downstream applications reached.85%, midstream encapsulation accounted12%, the proportion of upstream epitaxial chips is3%. In terms of demand,2023The demand for electric light source products in China is expected to reach200Billion only/sets, year-on-year growth29%, in whichLEDDemand reached180Billion only/sets, year-on-year growth30%. In terms of permeability,2023The penetration rate of China's electric light source products is expected to reach85%, in whichLEDThe permeability reaches82%。

In terms of technology, the electric light source industry continues to innovate and make breakthroughs in improving luminous efficiency and reducing costs.Significant results have been achieved in expanding applications. Especially LED.Technology, in the epitaxial wafer, chip, packaging, drive and other links have achieved technological progress and process optimization. At the same time, the Mini/Micro LED, Intelligent Lighting, XRA number of innovative enterprises and products have also emerged in new fields such as virtual shooting. According to data from Champ Consulting Group，2023Global YearMini/Micro LEDThe market size is expected to reach40Billion US dollars, year-on-year growth60%, of which China's share reached30%；2023The global smart lighting market is expected to reach150Billion US dollars, year-on-year growth20%, of which China's share reached25%；2023Year-round globalXRVirtual shooting market size is expected to reach10Billion US dollars, year-on-year growth50%, of which China's share reached20%。

In terms of competition pattern, the electric light source industry presents diversified characteristics, and different links and application fields have their own advantages and brands. From a global perspective, developed countries such as Europe, America and Japan have strong competitiveness in the technology research and development, brand building, and market channels of electric light sources. Representative companies include Philips, Osram, Nikya Chemical, Mitsubishi Chemical, etc. From the perspective of China, Chinese companies have strong competitiveness in the production and manufacturing of electric light sources, cost control, and market expansion. Representative companies include Mulinsen, Sanan Optoelectronics, Bull Group, and Rex Lighting. According to data from the Champ Consulting Group,2023The top three companies in China's electric light source industry are Mullinsen, Sanan Optoelectronics and Bull Group, with revenue expected to reach120More than 100 million.

Shangpu Consulting believes that the electric light source industry is an industry with broad development prospects and huge market potential. With the global economic recovery and the stability of epidemic prevention and control, the electric light source industry will usher in a new round of growth opportunities. At the same time, the electric light source industry is also facing some challenges and risks, such as intensified market competition, inconsistent technical standards, and environmental pollution problems. Therefore, Shangpu Consulting recommends that relevant companies in the electric light source industry should seize opportunities, respond to challenges, strengthen technological innovation and brand building, improve product quality and service levels, expand domestic and foreign markets, and achieve sustainable development.

Consulting Services

economic database

Brand Rankings

User evaluation

Shangpu Consulting-Market Research & Consulting China Pioneer

immediate consultation

On July 05, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "In-process Plastic Market Research Project in the Automotive Sector. The customer said: The project report completed by Shangpu Consulting in cooperation with our company is due to the wide range of projects and strong professional products. Thank you very much for the professional and detailed market research report of Shangpu Consulting. I look forward to cooperating again next time and wish Shangpu Consulting by going up one storey! Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
On July 05, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "Research Project of the Network Designated City Transport Company. The customer said: The market research project provided by Shangpu Consulting for our company has provided us with a valuable reference basis for objectively evaluating the current market situation of the industry and achieved the expected goal. I also wish Champ Consulting the development of by going up one storey! Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for "A Brand Sales Leading Research Project in the Water Purifier Industry. The customer said: The market research project provided by Shangpu Consulting for our company has provided us with a valuable reference basis for objectively evaluating the current market situation of the industry and achieved the expected goal. I also wish Champ Consulting the development of by going up one storey! Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
July 07, 2020, Shangpu Consulting received a satisfaction evaluation sheet from the customer's "Lithium Battery Enterprise Sales Strategy and Production Cost Research Project. The customer said: The market research project provided by Shangpu Consulting for our company has provided us with a valuable reference basis for objectively evaluating the current market situation of the industry and achieved the expected goal. I also wish Champ Consulting the development of by going up one storey! Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "Coal Mine Tunnel Drilling Rig Market Share Proof Project. The customer said: The survey plan of Shangpu Consulting is rigorous in design, scientific in method, standardized and rigorous in survey organization process, and basically reliable survey data, which provides relatively credible first-hand information for our research work. The research results are of great help to our company to understand the whole picture of the industry. Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from a customer for "A Brand in an Industry Leading Sales Research Project for Three Consecutive Years. The customer said: The survey plan of Shangpu Consulting is rigorous in design, scientific in method, standardized and rigorous in survey organization process, and basically reliable survey data, which provides relatively credible first-hand information for our research work. The research results are of great help to our company to understand the whole picture of the industry. Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "China Bird's Nest Industry Market Ranking Research Project. The customer said: has cooperated many times, as always satisfied, also recommend to other enterprises cooperation. Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
On July 09, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for a hazardous waste treatment research project. The customer said: this is the organizational structure of the survey, the service process is very good, wish your company's consulting work is getting better and better, look forward to the next cooperation. I wish users a prosperous career, evergreen foundation!
On July 16, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the Shared Beauty Research Project. The customer said: The content of Phase I and Phase II is satisfactory, and we look forward to signing a long-term agreement in the later period. The research part of the country will continue to cooperate with your company. I wish users a prosperous career, evergreen foundation!
On July 09, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "Research Project on the Organizational Structure of Two Liquor Production Enterprises. The customer said: This is an organizational structure survey, the service process is very good, looking forward to the next cooperation. I wish users a prosperous career, evergreen foundation!

Shangpu Consulting In the field of consulting, we can also provide you with the following services:

Research Module	research content
Market research	Industry status	market capacity	Product Application	channel mode	Supply chain	market competition	Market Consulting
Competitor Research	Enterprise background	Enterprise Finance	Sales Data	Market Strategy	Production Equipment	Supply Procurement	Technology R & D
Competitor Research	warehousing logistics	channel construction	Human Resources	Enterprise Strategy
User Research	Consumer Survey	consumption behavior attitude	Publicity/Promotion	Product Service	Brand Research	consumer characteristics
User Research	satisfaction survey	Employee satisfaction	user satisfaction
Market Entry Advisory	Macro Industry Research	competitive enterprise research	Downstream User Research	Channel Research	Due Diligence	Return on Investment
Market Entry Advisory	Floor module	Landing implementation recommendations	Long-term cooperation
Business investment due diligence	Target industry market investment value due diligence	Industry Benchmarking Enterprise Research	Target Enterprise Credit Assessment Report	Project investment due diligence
industry planning	Market research	market access	development strategy	investment location	Acquisition and integration	IPO Fundraising
Credit Report	Basic information	Major Events	Production/Operation Network	enterprise scale	Operating strength	Financial strength	Legal risk
Credit Report	Future business prediction	Overall credit rating	cooperative risk warning
Brand/Sales Proof	Market Share Proof	Market Share Proof	Proof of brand strength	Industry Proof	Specialized new proof	Proof of sales strength	Proof of technological leadership
Brand/Sales Proof	National/Global Status Certificate

Service advantages

More than 20 years of focus on the Chinese market consulting, won the user recognition, user satisfaction reached more than 96%, the following is part of the user praise

Focus on production and research

15 Year

15 years of Shangpu consulting

48 Intellectual Property Rights

Independent methodology

80% of the information comes from first-hand research.
massive data

118 Billionth

Self-built database 11.8 billion

Covering 1978 industries in China

0.1 billion new data per year

Industry Big Data Platform
Research Team

118 +

Have a 300 team of professional consultants

Practical operation and management experience of top enterprises

88% of members have international PMP certificates
Intellectual Property

48 Item

Independent methodology

48 independent intellectual property rights

high-tech enterprise

Industry Big Data Platform

Customer Evaluation

More than 20 years of focus on the Chinese market consulting, won the user recognition, user satisfaction reached more than 96%, the following is part of the user praise