How about China’s LED Lighting Market Value in 2016

In recent years, the value of China's export is declining year and year, and LED lighting market also meet a severe competition. It's necessary for us to make a work summary of LED lights supplier China at the end of 2016.

Compare to last years, there are some good news:

Firstly, China’s LED lighting market value will surpass RMB 500 billion (US $72.45 billion) by 2016, said by the Secretary General of China’s International Solid State Alliance (ISA).

Secondly, China’s LED lighting industry established a comprehensive supply chain, and made huge advancements in technology innovation. During first half of 2016, LED companies revenue rose by nearly 40%.

Thirdly, The LED industry is becoming increasingly polarized and concentrated at the same time.

Under this circumstance, it is not only propelled rebounding prices throughout the supply chain, but also developed highly added value products. New trend of specialized and niche lighting applications, include smart light, LED grow light wholesale, UV LED, IR LED, Visible Light Communications (VLC), automotive lighting and other applications.

In conclusion, we make a great achievement in this year and we believe there have a better development in next year.