LED lighting industry development prospects

1. Policies support the development of the industry

The support of the national industrial policy is one of the most favorable factors to promote the development of China’s LED lighting application industry. LED lighting industry has been highly valued in China, the state in capital, technology, industry norms and other aspects of policy support, has formulated a number of favorable industrial development policies, greatly boosted the confidence of industrial development, for the sustainable optimization of the industry laid a solid foundation. In the future, for a long period of time, the country’s investment in the field of lighting will increase year by year, and the market scale of the LED lighting industry will be further expanded.

2. Overseas market demand is broad, driving the development of the industry

China is the world’s main supplier of LED light sources, drive power supplies and LED application products. Due to the low market penetration rate of overseas LED lighting products, the demand for LED lighting products in overseas markets is broad. As the largest exporter of LED lighting products, under the trend of accelerated penetration of LED lighting and market demand expansion in the world, the export market of China’s LED lighting industry has a broad market demand space, which is largely beneficial to the development of China’s LED lighting industry.

3. Technological progress, promote the expansion of the industry in multiple fields

In recent years, LED lighting technology has made rapid progress in the world, overcoming the shortcomings of low luminous efficiency, high cost of use, and single color system in the early stage. In the application of mobile lighting equipment, LED lighting has the characteristics of low energy consumption, small size, impact resistance, and long battery life. At the same time, the development of LED epitaxial wafers, chips, packages, drive circuits and related technologies in downstream applications has promoted the price of LED light sources, and has promoted the wide application of LEDs in many fields such as civil, commercial and industrial use, which is expected to promote the development of the industry.

Post time: Nov-26-2022