LED lighting penetration rate continues to increase

An industry report pointed out that the profitability of the LED industry will be improved after the end of the industry downturn under the combined effect of the epidemic and supply and demand. On the one hand, the packaging industry has seen a significant adjustment in production capacity, and some companies have contracted their production capacity; on the other hand, the epidemic has accelerated the withdrawal of small and medium-sized production capacity, and the industry’s production capacity is expected to continue to clear up, and concentration will increase.

At the same time, the rise of applications such as smart cities, intelligent connected cars, and virtual reality will also drive the further expansion of new display technologies and products.

As companies pay more and more attention to the shaping of their own brand image, logo/signage and light box products are directly related to the direct perception of corporate image audiences, which directly stimulates the demand for customized logo lighting products of mid-to-high-end quality. Based on this judgment, the company can rely on product advantages in market segments to take the differentiated mid-to-high-end market route.

Compared with foreign countries, domestic LED sign lighting products have better cost performance. The company has advantages in controlling the cost of lighting projects, as well as design and construction, and has international competitiveness. In the future, the company will continue to adjust its operating strategy for overseas markets, focusing on Europe, America, Australia and the Asia-Pacific region.rseas markets, focusing on Europe, America, Australia and the Asia-Pacific region.

Post time: Nov-09-2020