Chinese LED Area Light Will Ace the Market after Icy Period
“This is a challenge and an opportunity.” said the vice president. Currently, the domestic led area light technology may not be as good as foreign ones, but as long as foreign companies exit the manufacturing area and domestic enterprises purchase them, then the future LED Lightingmanufacturing market is certainly based in China. China only needs to play well the role of manufacturer and advance to high-end manufacturing, and then it will become the only country mastering high-end manufacturing in international lighting area.
Ministry of Science has now recognized this strategy and will launch policies to help enterprises to survive the current difficulties in multinational acquisitions. “LED Lights industry has entered the integration stage. There is still large development space in this industry. As long as Chinese enterprises survived the icy period, which is a must, they will ace the international market.”
In the future increasing demand and fierce competition will appear together in LED lighting market; new comers are suggested to focus on acquisitions in LED lighting industry, or to become part of it.
