Market situation of led street light china
Benefited from the collective recovery of the domestic LED market, China's domestic LED street lamp market reached 9.464 billion in 2016, an increase of 15.51% year-on-year. By the end of 2016, the penetration rate of domestic LED street lamps was close to 30%, and smart cities gradually entered the stage of substantial construction from concept exploration. With the acceleration of the construction of smart cities, and the wide application of new-generation information technologies such as the Internet of Things and cloud computing, smart street lights will usher in rapid development opportunities. It is estimated that by 2020, China's LED street lamp market penetration will increase to about 65%.
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