Industry development trend

     At present, the world has initially formed an industrial structure centered on North America, Europe, and Asia, each with strong advantages in different fields. Represented by the United States, Japan, and Germany, developed economies with full LED lighting industry chain manufacturing capabilities have an advantage in the high-end market, with advanced equipment and a relatively complete industrial chain system, but are trapped in labor, logistics, and supply chains. High cost constraints have not formed a scale effect. Among the Asian emerging market countries, countries such as India and Vietnam that developed LED lighting industry later have certain product manufacturing capabilities, but their industrial chains are not complete, and they are also facing complex political and economic situations and low social efficiency. And other issues, it is difficult to form competitiveness in the short term.

      As the world factory of the global LED lighting industry, China is the world's largest producer and exporter of LED lighting products. It has the production and manufacturing capacity of the entire industry chain of the LED lighting industry, and has strong competitiveness in the production, research and development, and sales of LED lighting products.

      In addition, in recent years, the production capacity of the LED lighting industry has expanded rapidly, resulting in low industry concentration and fierce market competition. International first-tier brands such as Signify and Osram, as well as domestic first-tier brands such as Opple Lighting, rely on their strong brand, channel, management and technology research and development advantages to occupy most of the market share of mid-to-high-end products. Some emerging LED lighting companies with their own technical characteristics and product development capabilities have also seized the opportunities of industry development and grown rapidly, successfully entering the mid-to-high-end segmented product market and occupying a certain market share. Many small and medium-sized LED lighting manufacturers, due to limitations in product technology, quality, brand and channel, mainly compete on price in the low-end market.