In 2018, the Chinese economy changed from a period of high-speed growth to a period of high-quality development. With the continuous development of the “Belt and Road Initiative” and the “Going Global” strategy, China is the most important production and export base for the global LED industry. The dividends enjoyed by the export are starting to appear and gradually released, which has brought great opportunities for domestic LED companies to explore the international market.
Looking at the global LED market in recent years, in addition to rising demand from European and American markets, the market development momentum in Brazil, Chile and other South American countries, as well as India, Southeast Asia and other emerging countries is growing. Under the current intense competition in the domestic market, Chinese LED companies continue to “go out” to seize market opportunities.