The European Union recently released the "Latest Energy Efficiency Regulations for LED Lighting Products". LED lighting products exported to Europe from September 1 must meet the new energy efficiency standards and gradually improve the energy efficiency standards of LED lighting products in three phases in the next three years.
According to industry analysts, the cost of related LED companies that export to the EU business will increase, and some SMEs may be in a business dilemma. In recent years, the decline in the price of LED products and the rapid increase in sales volume have led to an increase in the number of companies entering the LED industry. However, the increasingly fierce competition environment and higher energy efficiency requirements in the market will lead to further survival of the fittest.
Dehao Runda, Sanan Optoelectronics, Guoxing Optoelectronics, Xuelaite, Qinshang Optoelectronics and other related listed companies all said that the survival of the fittest is in fact the only way for industrial development, the industry will become more standardized, and resources will be stronger. As the enterprise moves closer, this process will accompany the increase in industry concentration.
After experiencing the rapid growth brought by dealers' stocking at the beginning of the year, the LED industry entered a phased break in July and August. However, the LED companies said that in September, the stocking season for foreign Christmas consumption will be ushered in, and many commercial lighting and street lighting renovation projects will be concentrated in the second half of the year, which is expected to bring about a new increase in demand.
According to industry analysts, the cost of related LED companies that export to the EU business will increase, and some SMEs may be in a business dilemma. In recent years, the decline in the price of LED products and the rapid increase in sales volume have led to an increase in the number of companies entering the LED industry. However, the increasingly fierce competition environment and higher energy efficiency requirements in the market will lead to further survival of the fittest.
Dehao Runda, Sanan Optoelectronics, Guoxing Optoelectronics, Xuelaite, Qinshang Optoelectronics and other related listed companies all said that the survival of the fittest is in fact the only way for industrial development, the industry will become more standardized, and resources will be stronger. As the enterprise moves closer, this process will accompany the increase in industry concentration.
After experiencing the rapid growth brought by dealers' stocking at the beginning of the year, the LED industry entered a phased break in July and August. However, the LED companies said that in September, the stocking season for foreign Christmas consumption will be ushered in, and many commercial lighting and street lighting renovation projects will be concentrated in the second half of the year, which is expected to bring about a new increase in demand.
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