Pearl River Delta enterprises fight for huge business opportunities in the LED industry

"In the next 10 years, as an emerging industry of energy conservation and environmental protection, the global semiconductor lighting (LED) market will reach more than 10 trillion yuan (RMB, the same below)." Wang Dianzhen, president of the Shenzhen LED Industry Association, said in an interview with reporters. The output value of the national LED industry will exceed 100 billion yuan this year. The total output value of more than 800 LED companies in Shenzhen last year reached 24.5 billion yuan, a year-on-year increase of 35%. As one of the national lighting production centers in Zhongshan, nearly 500 companies are involved in the LED industry. Last year, the output value reached 3.5 billion yuan. At present, nearly 2,000 companies in the Pearl River Delta are making every effort to seize the huge business opportunities in the LED industry.
Shenzhen Qicheng LED products have become one of the mainstream development trends in the world. The governments of all countries have increased their support for LED industry policies and provided opportunities for the LED industry. Shenzhen Shiyerong, vice president and secretary general of the Shenzhen LED Industry Association, said that Shenzhen, as the leader of the national LED industry development, had a production value of 24.5 billion yuan last year, ranking first in the country, with exports accounting for 70%, occupying domestic and foreign markets.
When talking about the future LED market prospects, Wang Dianxi told reporters that because LED can save energy compared with ordinary incandescent lamps, the industry has become a green low-carbon and emerging sunrise industry. LED lighting includes landscape lighting, special lighting, backlighting, business lighting, street lighting and home lighting. He predicted that the global LED market will have a business opportunity of more than 10 trillion yuan in the next 10 years, and there will be several trillion yuan of business opportunities in the next 20 years. He also stressed that as an emerging high-growth industry, the national LED industry output value will grow by more than 30% this year, and still maintain rapid growth in the future.
Zhongshan Guzhen Fuzhu Lighting Industry Transformation Wang Dianxi introduced that the Shenzhen and Zhongshan enterprises in the Pearl River Delta are expanding the LED industry. Among them, Shenzhen has established a complete LED industry chain, including upstream chips, midstream packaging and downstream energy-saving lamps. Shenzhen LED production value now accounts for one-third of the country and has become a base for production, R&D and sales. Among them, Hong Kong-funded enterprises Century Crystal source produces LED epitaxial wafers and chips, high-power LED packages. Skyworth Group recently announced its participation in the LED lighting industry and established Skyworth LED Lighting. Zhang Xuebin, president of the group, said that due to the huge business opportunities in the LED field, Skyworth has expanded its opportunities through diversification of related industries. Fangda Group, a leading LED lighting company in Shenzhen, first realized the use of LED lighting systems in metro stations for the first time last year, and is one of the most patented companies in the LED field in the Mainland.
In addition, Zhongshan Guzhen has established 20 provincial, municipal and enterprise technology centers to help enterprises expand opportunities in the field of LED lighting. Through the industry, education and research, the lighting industry has been transformed from traditional lighting to medium and high-end LED lighting.

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