China's LED lighting industry has many crises

LED lights are an emerging product of technological development in recent years. The concept of energy saving has long been popular among people and has been popularized around the world. With the continuous advancement of technology and people's attention to LED research and development, more and more LED products are now available, and the price is getting lower and lower. China's current LED production is mainly concentrated in the coastal areas of Guangdong and Taiwan. With the decline of LED prices, LED manufacturers are also optimistic about the rapid growth of LED product usage in the past two years, especially in Europe and the United States for LED lighting products. A large number of demand, expecting to bring new growth momentum to enterprises through domestic demand and exports. It is understood that the lighting cost of LED lighting fixtures is generally low, and in recent years its production costs are also gradually decreasing, coupled with the increasing demand for LED lighting products at home and abroad, prompting domestic enterprises to mass produce LED lamps. In terms of export, Japan, Europe and the United States and other developed countries and regions have successively filed a total ban on the use of incandescent lamps and the phasing out of incandescent lamps, which makes the demand for LED lighting products in these countries very large. As a major exporter of industrial products in the world, Japan, Europe and the United States will import LED products into China. This good international environmental trend has provided the domestic LED industry with an overly optimistic production expectation, which has caused capital to flow into the already unbalanced domestic market. However, according to the integrated marketing experts of building materials and e-commerce, we know that although the LED industry is developing very rapidly in China, there are bound to be many problems that cannot be ignored behind the rapid development. For example, the crisis of the industrial chain structure, the imbalance of industrial structure, the lack of core technology and the awareness of product patent knowledge protection have made the development of domestic LEDs face enormous challenges. Regarding the status quo of domestic LED development, some domestic governments began to announce and implement measures such as abolishing domestic commercial banks' restrictions on overcapacity enterprises and LED industry planning. The state began to make a determination on the development of this chaotic LED industry. Throughout the entire lighting industry, as the price of LED lamps continues to decline, towards the development of civilians, and not just as the development of industrial landscape lighting, its future will surely usher in a new outbreak. This is even more determined that the development of the LED industry will grow at an unpredictable rate. It is understood that in the face of concentrated outbreaks, it is not all good for the market, and its rapid development will have a distorting role in the market. It will eventually lead to the introduction of more funds and increase competition. At the same time, the huge demand in foreign markets has led to mass production of domestic companies and the emergence of more emerging LED companies. Once the future LED lighting products are saturated, the overcapacity of the new round of lighting industry will be inevitable.

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