China's LED lighting has broad prospects in the future

The 19th Guangzhou International Lighting Exhibition, the world's largest lighting exhibition and LED exhibition, was held recently. More than 2,200 well-known brands from home and abroad attended the exhibition. A number of overseas companies are very optimistic about the development of China's future lighting market. LED is still the protagonist of this year, as can be seen from the layout of the exhibition. The exhibition Pazhou Complex is divided into two zones, A and B. Area B is a clear LED exhibition area, including LED light source and lighting, LED substrate, LED drive and control, and other professional fields have set up special exhibition halls; A area of ​​decorative lighting, commercial lighting, professional lighting, outdoor lighting and other brand exhibition areas It is the main battlefield for all brands of LED products to compete. The Chinese LED market has achieved rapid growth in the past decade, and the future is even more valuable. The founder of the exhibition, Pan Wenbo, said that China's LED output value will reach 420 billion yuan to 450 billion yuan this year, and it is expected to exceed 1 trillion yuan in the next five years. He pointed out that the current LED penetration rate in China is only about 20. It is expected that the traditional lighting of China 80 will be replaced by LED lighting in the next five years. At present, the Chinese LED market is still in the period of counseling and cultivation, and it is expected to usher in a period of growth in the next five years. Industry concentration will become higher and higher by then. As the world's leading developer and manufacturer of LED lighting technology and solutions, Purui Optoelectronics announced that it will further expand the Chinese market, increase investment in China, and enhance its domestic production capacity. In order to better serve the fast-growing Chinese customer base, Purui Optoelectronics launched the R&D center in Xiamen and the Applied Research Laboratory in Hongqiao District, Shanghai. Mr. TimLester, Principal Operations Officer and Chief Financial Officer of Purui Optoelectronics said: Our Chinese customers are becoming more and more important in the company's global lighting business. Purui Optoelectronics will promote the rapid growth of our Chinese customers and expand into the international market by strengthening investment in China and expanding local production.

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