LED industry development trend in 2020
In 2020, with the worsening of the epidemic and the market impact of the epidemic on major industries, the world is facing a major industry reshuffle state.
As the world\'s most important production base of LED lighting products in China, production has accounted for more than 80% of the total global output. China\'s LED lighting industry has been developing for several years, and there are a large number of manufacturers, but those with brand and channel advantages are the main market force.
The progress of LED technology and the integration of industry shuffle in recent years, so that the LED industry has entered the stage of product replacement and diversification of development. The enterprise that sticks to its own way will be difficult to survive, while the enterprise that focuses on the research and development of new products and new technologies and on the improvement of product quality will gradually grow. Yu Xinfeng Group is moving in this direction with the corporate vision of \'becoming a respected world-class leader in the industry\'.
The year 2020 is the most difficult year for the survival and development of the enterprise. However, in order to meet the market demand, under the leadership of Group Chairman Pan Yuli, our R&D team is still making unremitting efforts to develop new products to promote the market after continuous exploration and experimentation.
I. Foldable LED plant lighting, it has been swept away with a dazzling aura. At present, global lighting companies are accelerating the layout of plant lighting field, a no smoke competition is quietly going on.
LED automotive lighting, as a leading technology in the field of car lights, LED lighting technology, with its strong technological advantages, has become an important trend in the development of future car lights. All the major LED manufacturers have been exploring the new blue ocean market, see the broad prospects for the development of LED automotive lighting, speed up the layout of automotive LED.
LED disinfection and germicidal multifunctional lights, with the Internet of things, the next generation of the Internet, cloud computing and other new generation of information technology widely used, LED disinfection and germicidal has become an inevitable trend, and has been gradually realized in a variety of practice, LED disinfection and germicidal lamp has been LED enterprise wide attention.
In 2020, the global LED lighting market is expected to reach $13.427 billion. But China\'s LED lighting market is still in its infancy, industrial disorder, standards have not yet been perfected, the business model is still exploring, the industry to be healthy development needs to first cross these difficulties.
And we, YUFING Group, are constantly groping and development and expansion.
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