As the world's largest LED lighting producer, China has the world's largest production capacity in the field of LED professional compact lighting tower. In 2017, from the perspective of supply side, the scale of China's LED professional compact lighting tower market was 1.30 billion yuan, and then grew rapidly and reached 1.71 billion yuan in 2021, with an annual compound growth rate of 7.1%. The concentration of global production capacity in China is expected to increase as China further accumulates its technical and production advantages in LED professional compact mobile light tower. From 2022 to 2026, the market size is expected to grow from 1.79 billion yuan to 2.35 billion yuan, with a compound annual growth rate of 7.0 percent.
The global LED professional compact mobile light tower terminal market is relatively concentrated, with Europe and North America accounting for a large share of the market. In 2017, from the demand side, the global LED professional mobile lighting market size was 8.86 billion yuan, reaching 10.78 billion yuan in 2021, with an annual compound growth rate of 5.0%. Due to ChinaThe increasing demand for LED professional lighting products is growing faster than the global average and is expected to reach 24.0% of the global market size by 2025. Although Europe and North America will continue to grow in size, their market share will decline slightly.
