The global economic shock makes LED lighting stand out in Q3 market growth

LED Network: Since entering 2015, the global economic recovery has been delayed, global prices, stock markets, and foreign exchange markets have experienced significant fluctuations. China's economic development is facing a severe international situation.

For the domestic market, the adjustment of industrial structure is at a critical stage. Overcapacity has slowed down the growth of the industry, while the growth of the consumer industry has been constantly adjusted due to the impact of stock market fluctuations and currency depreciation. In the LED lighting and application industry, the growth of the export market is highly correlated with the growth of foreign local economies.

As we all know, the core value of LED lighting fixtures lies in energy conservation and environmental protection. As an important market leader, the government, under the effect of demonstration and application promotion, combined with the declining prices of LED lighting fixtures, has promoted the popularization and application of LED lighting fixtures in the global lighting market to a certain extent, and further increased the penetration rate.

Judging from the international demand market for LED lighting and applications, the main markets are concentrated in emerging markets such as North America, Western Europe, and Asia (including China).

According to our data analysis:

The growth in the third quarter was better than market expectations. Traditionally, the third quarter is an off-season compared to other quarters. The month-on-month growth differences in July and August were quite different, but the overall growth was stable.

The U.S. states and counties have continued to increase their support for LED lighting fixtures, which has stimulated the consumption of lighting fixtures in public areas and municipal facilities to a certain extent. The demand for LED lighting fixtures is amplified.

The unit price of LED lighting fixtures exported to North America showed a slight decline in the third quarter, which stimulated consumption growth to a certain extent. Due to the strict entry threshold and strict supervision of products in the North American market, the products exported by companies to the North American market also represent the industry's higher technical level and high unit price to a certain extent. Falling prices can stimulate the growth of export scale.

The above data is excerpted from the LED lighting industry global market monitoring report for the third quarter of 2015 by OFweek Industry Research Center, which is not publicly released.