LED lighting emerging market demand

According to relevant data monitoring, LED lighting has rapidly penetrated into emerging markets such as Russia, Southeast Asia and India in recent years. In 2013, it will become a new business opportunity for domestic LED lighting foreign trade companies.

In January-August 2012, LED exports decreased year-on-year. According to CPbay monitoring data, from January to August 2012, China's total export of LED lighting products was approximately US$2.335 billion, and its export weight was approximately 192,700 tons, a year-on-year drop of 65.2%. From the same year, it can be seen from the same year that the export value of LED lighting continued to decline year-on-year for eight consecutive months. This shows that China's LED lighting has a declining trend compared with the same period last year, and the export situation is not optimistic. From January to August, except for the month of February affected by the New Year holidays, the lowest export value of LED lighting was in January, which was about 239 million US dollars, a year-on-year decrease of approximately 49.56%; the highest export value of LED lighting was in August. It was US$3.88, down 33.18% year-on-year.

In 2031, the demand for LED lighting in emerging markets increased. According to CPbay comprehensive information, including Russia, Thailand, Vietnam, India, Africa and other countries or regions due to high investment in infrastructure, and a relatively mature market for economic performance, there is ample room for growth, LED lighting The demand for products has shown significant signs of warming.

The penetration rate of LED lighting in Russia has been rising year by year. In the long term, Russia's LED lighting market has a global share of 1% to 5%. The LED lighting market in the country and neighboring small countries had a compound growth rate of 34% in 2014. After Russia officially joined the WTO, the drop in import tariffs will help expand the profitability of LED companies, and its lighting market will exceed 700 million U.S. dollars.

In 2012, the total value of Thailand's lighting market was approximately US$250 million, and the LED penetration rate was approximately 10%. It is expected that by 2015, the penetration rate of LED lighting in the Thai market will increase to more than 45%. At present, the Thai government is actively carrying out LED lighting projects and the demand for LEDs has increased.

In Vietnam, the draft “2011-2020 National Urban Development Plan” announced by the government hopes that the national level of urbanization in 2015 will reach 38%, which is also a new market for LED lighting exports.

India's lighting products include traditional lighting and LED lighting. About 80% of the products are from China. The Indian government is planning to increase the proportion of traditional lighting systems to LED lighting systems. It is expected that by 2015 India's LED lighting market will grow at a compound annual rate. The rate will reach 41%.

About 90 percent of the rural population in Africa does not have electricity supply, and there are no street lights in the streets of many cities. The basic lighting and municipal lighting market is the most promising market in Africa. The United Nations has organized the Charity and Development Charity Program in Africa. The goal is to provide power-saving LED lighting to African users. With the rapid development of modern cities in Africa, there are new applications and market demands for diversified LED lighting markets including markets, stations, shopping malls and other places, as well as tourist attractions and resorts.

CPbay assists emerging markets in opening up emerging markets. The demand for LED lighting is gradually being fermented. Facing the stagnation and fierce competition in mature markets, timely development of the New World will bring new opportunities for domestic companies. However, emerging markets, with their vast territory, cultural differences, difficulties in promotion, high costs, policy risks, and fragmented demand in previous periods, have made most companies only look good.

Because of its openness (no geographical restrictions), interactive, cost-controllable, and controllable risks, the Internet platform has obvious advantages and becomes a tool for developing emerging markets. CPbay's products in China harbor tens of thousands of professional overseas buyers and advantageous resources in the LED industry and have become the preferred foreign trade platform for many domestic LED lighting companies. The professional services provided by CPbay will help domestic LED lighting companies out of difficulties, open up new markets, capture new business opportunities, and gain new development.