Shock! Unfavorable Factors Affecting The Development Of The LED Industry

- Nov 21, 2020-

1.Low industry concentration The domestic LED lighting equipment industry has low concentration, and market competition is extremely fierce.

 In recent years, many traditional lighting manufacturers have transformed into the LED lighting market, and market competition has become almost fierce. According to statistics, the number of domestic lighting companies currently exceeds 20,000, and low-price competition in the market is very serious. 

In the future, the LED industry will become a trend through mergers and reorganization of advantageous resources, and some small enterprises with weaker competitiveness will be eliminated.

2.At present, there is a lack of unified industry standards and testing systems, the domestic lack of corresponding industry standards for LED lighting products, and the lack of uniformity in product specifications, quality testing and certification.

 At the same time, product testing equipment and testing methods can no longer meet the needs of the rapid development of the industry, and the construction of testing systems is imminent. 

LED lighting products on the market have different specifications, which is not convenient for consumers to choose and compare, and is not conducive to the long-term development of the LED industry.