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LED lighting has become the main driver of LED market growth
In recent years, the LED industry has maintained rapid growth. However, since 2012, with the closure of some enterprises, Shenzhen suddenly abolished the LED industry development plan at the beginning of 2013, making the LED overcapacity theory cover the whole industry. In addition to broad application prospects in landscape lighting, signage and indicative lighting, indoor lighting, etc., LEDs also have broad applications in agriculture, automotive electronics, optical communications, etc., in order to improve LED capacity utilization and reduce LED industry. Risk provides protection. The LED industry has many advantages such as energy saving and environmental protection, high added value, and conforming to the direction of technological development. Governments of all countries attach great importance to it and support it as a strategic emerging industry in the country. It is also one of the key development directions supported by China. At present, LED lighting has become the main driving force for the growth of the LED market. At present, the market penetration rate of LED in China's home lighting is still low. With the price drop and the implementation of the national subsidy policy, the penetration rate of LED lighting in the civilian market will increase, and the domestic LED lighting market has huge space.