Overseas demand for LED High Bay and exporting Chinese lighting products
1. Obvious demand for led high bay in overseas market
From the market demand for LED Lighting in all regions, we can see demand in North American and European market is increasing, especially the demand for LED high bay. While in emerging countries such as India, Africa or those in Southeast Asia, there are unlimited opportunities due to policy, huge projects and economic development. Take India for example, the government has planned to call for 200million lamp s of bid by the end of 2016; besides, Indian government is also calling for public bids for LED street light s.
2. Export volume of LED lighting products in China will exceed hundred billions in 2020
The total export volume of Chinese LED Lights is about 25.5 billion dollars, with year-on-year growth of 45%. The annual growth from 2010 to 2015 is 52%. In the future overall exporting growth rate will drop down a little. The annual growth rate of 2015 to 2020 is estimated to be 32% and exporting volume of LED lighting products in 2020 may exceed hundred billion dollars.
