Shenzhen LED industry run smoothly in the first three quarters

Yesterday, Shenzhen LED Industry Association informed the first three quarters of operation of the LED industry, LED industry in Shenzhen before the three quarter running smoothly, third quarter decline, the rebound trend is expected in late October, most of the enterprises will achieve growth and profitability, Shenzhen LED industry overall growth in the range of 25% - 30%.

Analysis of the Federation of Shenzhen LED industry believes that the impact of the European debt crisis, in 2011 the European LED lighting market of about $2 billion, accounting for about 28% of the market, lower than expected. Next year is expected to achieve rapid growth in 2015 will exceed $10 billion scale. In addition, Australia and other countries have begun to replace the LED street lamp.

Shenzhen LED Industry Association executive vice president and Secretary General Gui Shirong pointed out that, according to the Federation of monitoring of economic operation of 450 member enterprises, individual enterprises operating difficulties, union is the same industry organizations and financial institutions for their corporate restructuring.