With the global development, the global lighting market has developed rapidly in recent years, according to statistics of global lighting products market from 1970 of 200 billion U.S. dollars to 2012 of 400 billion U.S. dollars. According to China’s Industry report published by China’s LED lighting industry review and Development Trend Analysis Report shows that the rapid growth of China’s lighting industry, industrial scale to maximize expansion. According to the National Bureau of Statistics: As at the end of China’s lighting equipment manufacturing industry, the number of enterprises reached 3000.
Encouragement given by Chinese government
Since 2005, the Chinese government for LED lighting industry has introduced several preferential measures, such as MOCVD machine purchase subsidy, research and development amount of subsidy and deduction, investment set up factory approval concessions, attract many manufacturers and industrialists compete into the LED industry or led application industry. Its recent industrial expansion has threatened the existing led manufacturers in Asia. Recently, despite good market conditions in China, overcapacity remains a problem. As of LED flood lighting industry threshold is low, plus the government has a high subsidy and preferential tax policy, so that many enterprises to enter, resulting in low-end products overcapacity serious. Led overcapacity is mainly due to excessive enterprise.
Quality of LED lighting products
The domestic LED light registered company reaches 8000, plus some unregistered small workshops, the quality of product has become the problems. The technical content issues such as R&D, and patent issues are the major barrier they need to solve. Many LED manufacturers have to compete at low prices, a large number of low-cost shipping caused a serious return, at the same time, enterprises cannot guarantee holistic and proactive after-sales service, which is the general characteristics of China’s led small enterprises. The atmosphere of the lighting market is not satisfactory because of shoddy products, which affects the consumers’ impression on Chinese LED flood lamp. The price war has lasted for several years in the lighting market. Nonetheless, LedsMaster is a company that upholding the quality, while keeping the price as low as possible. We believe that quality is the only way to success and gain trust from clients.