2014-05-12

Chinese Smart Lighting Market to Reach US $200 Billion by 2018

China has been actively promoting of smart industry development in response as the country rolls out smart city projects. China’s smart building industry market has already reached RMB 100 billion (US $16 billion) with at least 3,000 different companies. LED lighting fixtures make up around 20 to 30 percent of the smart building market. With increasing LED luminous efficacy, LED lighting fixture market share will most certainly continue to rise. This rising in smart building infrastructure trend will fuel future LED lighting industry growth. 
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