The overall growth rate of LED street lights has slowed down significantly

The overall growth rate of LED street lights has slowed down significantly
As the overall growth rate of the LED street lamp industry has slowed down significantly, leveraging the cost market has become an important way to improve the performance of street lamp manufacturers, and mergers and acquisitions have become the new normal in the LED lighting industry. The new round of integration is characterized by the gradual accumulation of advantageous resources to industry giants, and the objective of integration has gradually shifted from industry mergers and acquisitions to cross-industry integration. The parallelism of dual main businesses has become the emerging objective of street lamp manufacturers and enterprises. At the same time, the traditional sense of discipline, wealth, and business are becoming increasingly blurred, new business models and formats are constantly emerging, and the era of multi-level cross-industry integration has arrived. LED street lamp manufacturers have also changed from product manufacturers to service integrators who provide system solutions. In addition, the global outdoor LED street light wealth pattern is inexhaustibly adjusted. The original United States, Japan, and Europe are leading, South Korea and China are also changing the venues for catching up. The global semiconductor lighting wealth competition pattern is expected to be reshaped. It can be predicted that by 2020, the scale of my country's LED street lamp wealth will continue to expand steadily, the application range will continue to expand, the business model of innovative application promotion, the product market share will gradually expand, the product quality will continue to improve, and the market environment will gradually be optimized. National brands are gradually established, wealth concentration is further enhanced, energy saving and emission reduction effects are more obvious, and the transformation from a major semiconductor lighting country to a powerful country is gradually realized.