Development Trend Of LED Lighting Industry

At present, the world has initially formed an industrial pattern centered on North America, Europe and Asia, each with strong advantages in different fields.  The developed economies represented by the United States, Japan and Germany with the manufacturing capacity of the whole LED lighting industry chain occupy the advantage in the high-end market, with advanced equipment level and relatively complete industrial chain system. However, they are limited by high labor, logistics and supply chain costs, and have not formed scale effect.  In emerging markets in Asia, countries represented by India and Vietnam, which developed LED lighting industry late, have certain product manufacturing capacity, but their industrial chain is not perfect, and they also face complex national political and economic situation, low social efficiency and other problems, so it is difficult to form competitiveness in the short term.