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Market Conditions 'in The Doldrums' LED Lighting Industry Can Usher In The Next 'golden Years'

Jul 03, 2019

frontp present, China's economy continued to slow in the third quarter 2015 official GDP figures had fallen to 6.9%. Many analysts questioned the official figures that China's real economic situation even worse. While global demand is still weak, Europe is still difficult to get rid of for years of economic crisis, the US economic recovery is weak, Brazil, Indonesia and other emerging markets by Chinese demand for commodities weaken the influence of the economy is also in trouble. backpfrontp past year, the lighting industry is gradually moving towards LED stadium lighting era, the market showed explosive growth, we can say this is the golden years of LED lighting industry, over the past however the current global economic recovery is slow, weak market demand, as domestic economic slowdown, weak market demand, the real estate market growth rate fell sharply associated with lighting, LED product prices, overcapacity \u0026 hellip; \u0026 hellip; in such a sluggish market environment had sparked doubt, the future of the decade, there will be LED flood lighting industry golden years do? backpfrontp the past decade, 10-year domestic LED industry really big development. It can be said, from the economic environment, industrial policy, market demand, technological upgrading, etc., can be appropriately brought significant role in promoting the development of LED lighting industry. Whether large or listed company, or SMEs, and even some small workshops can get better market opportunities because the market demand is too strong, from incandescent to energy-saving lamps, to LED high bay lights, upgrade technology and product applications replacement, stimulate demand and potential huge market, creating a booming LED emerging industries. backpfrontp policies to support the development of LED and semiconductor lighting industry, the State Council, the National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Science and other relevant ministries in technical innovation, technology upgrading, and other aspects of application are encouraged to give priority to support the long-term. And all levels of government, institutions LED industry support ways to support mainly from investment promotion to support the transition to a market-based application. LED and semiconductor lighting as a key content, the inclusion of the seven countries for nurturing strategic emerging industries planning. backpfrontp 2003, the Science and Technology jointly launched the national semiconductor lighting project, the domestic LED street lights production value of only 90 billion yuan; to 2013, Development and Reform Commission and other six ministries jointly issued the semiconductor lighting energy industry planning, this time chip from scratch, localization increased year by year, when the localization rate has exceeded 75 percent; in 2014, China's LED industry reached 360.6 billion yuan, an increase of 40% compared to 2013's 256.7 billion yuan for three consecutive years to maintain high growth. Development from 2003 to 2014, eleven years ago, LED output value of the average annual growth rate of 39%. backp