In recent years, the LED lighting industry's production capacity has expanded rapidly, resulting in low industry concentration and fierce market competition. Let us first look at its opportunities and challenges.
1. Industry Characteristics
Periodic
With the gradual maturity of LED lighting technology, and the importance and policy guidance of countries around the world on energy conservation and environmental protection issues, the LED lighting industry has ushered in a huge development opportunity, so the periodic characteristics are not obvious.
Regional
At present, the global LED lighting industry has initially formed an industry distribution and competition pattern centered on the three major regions of Asia, Europe and North America. China is an important production base and export base for LED lighting products in the world, and Asia, Europe and North America are the world's most important product consumer markets.
Seasonal
LED lighting products have a wide range of applications, and there are long-term and stable application requirements in daily life, commerce, production, engineering, transportation, and other fields, so the overall market seasonal characteristics are not obvious.
2. Trends and Reasons For Changes In Industry Profit Levels
The downstream market of the LED lighting industry has a wide range of applications and strong market demand. LED light sources are facing fierce market competition, and the profitability of products is low
Opportunity Facing
- Countries around the world promote the popularization of LED lighting products and national policy support
- LED lighting technology continues to develop and prices continue to fall
- The application field of LED lighting products continues to expand
- China has a complete LED lighting industry chain, and the industry has entered a mature stage of development
- China's industry standards continue to improve, and standardized development has become the direction
The Challenge
- The core technology is relatively weak
- Homogeneous competition is a serious
As the market develops, each item of UPSHINEX is getting matured, and UPSHINE becomes a powerful supplier in the international market. UPSHINE always focuses on product R&D and renewal and constantly strives for technological breakthroughs to create innovative, healthy, green, and environmentally friendly lighting for our customers.
