Home > News > Content

Product Categories

Contact Information

  • Wuxi Kinglux Glass Lens Co.Ltd
  • ADD:No.286,Changjiang North Rd,New Dist,Wuxi,JS prov,China
  • Tel: 86-510-66759801
  • Fax: 86-510-84602998
  • Mobile phone: 86-18168862789
  • E-mail: ledglasslens@163.com
  • Contact person: Huimin Zhang
  • LED Companies' Export Bonuses Appear, These Countries Are Worthy Of Attention
    Aug 17, 2018

    In 2018, China's economy has changed from a high-speed growth stage to a high-quality development stage. With the continuous development of the “Belt and Road” and the “going out” strategy, China is the most important production and export base for the global LED industry. The dividends enjoyed by exports are beginning to appear and gradually released, which brings huge opportunities for domestic LED companies to explore the international market.


    Looking at the global LED market in recent years, in addition to the rising demand in the European and American markets, South American countries such as Brazil and Chile, as well as emerging countries such as India and Southeast Asia, are gaining momentum. In the current fierce competition in the domestic market, Chinese LED companies continue to “go out” to seize market opportunities.


    Indian government pushes LED industry market continues to expand


    At present, the Indian LED market is still in its infancy, and international manufacturers are optimistic about India. The big manufacturers Philips Lighting and Osram are setting up factories in India as the production base of the global market. According to the ledcax report, the LED market in India was US$1.14 billion in 2016, with an annual growth rate of 47.1%, and is expected to climb to US$1.715 billion in 2020.


    Indian Prime Minister Modi also proposed the “Smart City Plan” in 2016. It is expected to build 30 million street lamps in India within two years, including the replacement of new and new street lamps. LED factory Yiguang recently successfully won the street lamp in southern India and will ship 10 million street lamps in the next year.


    Russian LED display market is amazing


    As the North American and European markets become saturated and market access increases, more domestic LED display exporters have turned their eyes to emerging markets such as Russia, Southeast Asia, Africa and Latin America in recent years. Good growth momentum, of which Russia is the most eye-catching in emerging markets.


    In recent years, Russia’s economic development has been stable, Sino-Russian trade has continued to heat up, and trade between the two countries has been frequent. Russia has become China's Top 10 trading partner. The data shows that in the first three quarters of 2017, the trade volume between Russia and China was US$61.376 billion. China’s exports to Russia were 31.378 billion U.S. dollars, and imports from Russia were 29.998 billion U.S. dollars.


    Russian LED display demand has also increased significantly, has entered the ranks of the top 5 importing countries. From 2010 to 2014, demand increased from 20.31M$ to 144.50M$, an increase of more than 6 times, with an average annual growth rate of 63.32%. It is expected that the demand for LED display market in Russia will exceed 310M$ in 2017. Demand for LED displays is huge in many areas such as commercial advertising, sports events, and military security.


    South Korea's LED civilian market is poised for growth


    Since 2017, the Korean Land and Real Estate Company (LH) has been planning to install LEDs in all LH apartments, and large construction companies have begun to expand LEDs. In the LED industry, the number of LED products supplied to private apartments is increasing. According to industry sources, the South Korean government will introduce a standardization standard for LEDs in the near future to establish LED device standards for large construction companies such as LH. According to a person in the national LED industry, “LH is providing LEDs to apartments as an important component, and LEDs have also attracted the interest of private construction companies and residents.”


    The Brazilian market is an important stronghold


    Brazil ranks second in China's LED replacement light source products export destination, second only to the United States, fluorescent light sources and other light source products are also among the best in export destination countries. It is consistent with the fact that in actual market applications, light sources are also the mainstay, and the application of integrated lamps is relatively small. In the entire Brazilian market, home furnishing accounts for about 25% of the market, business accounts for 20%, industry accounts for 15%, outdoor accounts for 13%, and buildings account for 12%. In the largest proportion of home decoration, the category is mainly composed of 10% of the wall lamps, about 9% of the chandeliers, about 9% of the ceiling lamps, about 7% of the lamps and about 5% of the downlights.


    Cross-border trade is not an easy task. It requires not only high-quality products, but also a strategic layout that is far-sighted. In order to occupy a place in the overseas market, China's LED display manufacturers must ensure product quality, combine local culture and customs, and provide comprehensive layout in terms of products, sales and services, and truly achieve localization of overseas markets. Further development in the increasingly competitive overseas market has created new glory in China's LED display companies in the international market.