The lighting industry in China has been highly profitable, especially if we look at the LED lighting market, which is estimated to reach $6.59 billion in 2024 and then projected to reach $11.80 billion by 2030. This expansion, at a compound annual growth rate of 10.20%, reflects the country's robust industrial and technological advancements. In 2023, the industrial and warehouse (I&W) segment dominated the LED lighting market as it accounted for a substantial 79.6% of the share. This dominance is set to continue, albeit with minor reductions across various applications, while the I&W segment gains further traction. The spike in demand for industrial lighting is closely tied to China’s sustained industrial production and its strong manufacturing sector, which, despite weak domestic consumption and supply chain disruptions due to COVID-19, has shown remarkable growth. China’s industrial production saw a significant increase in 2021, producing goods worth $4865.8 billion, up 26.04% from the previous year. This increase is expected to drive the demand for indoor lighting solutions in the coming years, particularly in automotive manufacturing plants and warehouses. The global automotive market’s reliance on China for cheap components and finished cars underscores this trend. Major automotive manufacturers like BMW and Audi have expanded their operations in China, with BMW opening a new factory in Shenyang and Audi starting production at a new EV factory in Changchun. Such developments necessitate advanced indoor LED lighting to support production efficiency and safety. China’s retail sector also continues to thrive, with retail sales surging by 12.7% in May 2023 compared to the previous year. The rapid increase in online shoppers is boosting the need for new warehouses, further driving the demand for indoor LED lighting. Efficient lighting is crucial for these logistics hubs to ensure smooth operations and energy efficiency.