Emerging market demand heats up Shenzhen LED companies want to seize Southeast Asia market

On April 15th, the reporter learned from the GMC (Global Manufacturer Certificate) Quality Manufacturers Alliance "Into the ASEAN - GMC Big Buyers Sharing Conference" that the global LED market is picking up, just because Shenzhen LED companies have seized a good market share. opportunity. Shenzhen LED companies learned about the emerging markets in Europe, America and Southeast Asia at the meeting, and they are passionate about seizing the Southeast Asian market.

According to a research report, 10.6% of the nearly 1,000 manufacturing companies surveyed are mainly exported to Southeast Asia, second only to the EU's 17.0% and North America's 15.9%. Among them, 37.4% of enterprises are optimistic about Southeast Asia and believe that demand in the region will increase steadily in 2013.

According to the relevant person in charge of Global Market Group, the global LED market has gradually recovered from last October. Demand in the first quarter of this year has risen sharply, and emerging markets have performed particularly well. It is reported that Russia, Thailand, Vietnam, India, Africa and other countries and regions have seen an increase in investment in infrastructure construction.

The demand for LED lighting in emerging markets will continue to heat up in 2013. In Vietnam, for example, Vietnam will achieve a 38% urbanization level by 2015, which will be a great opportunity for China's LED lighting exports. In addition, as the country with the largest population in South Asia, India has spared no effort in promoting the conversion of traditional lighting systems to LED lighting. Nearly 80% of the national lighting products come from China, and the annual compound growth rate of LEDs is expected to reach 2015. 41%.

Zhang Lei, director of marketing for Global Markets Group, believes that LED prices are relatively high compared to traditional lighting products. Therefore, some countries in ASEAN and South Asia have not really promoted them, but these markets have great potential. At present, the global economy has begun to pick up. The ASEAN and South Asia regions have a very broad market for the Chinese lighting industry.

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