Impact of the European debt crisis, China LED lighting manufacturers transferred to domestic sales

After the outbreak of the debt crisis in Europe, LED lighting industry in China that mainly sold abroad began to be transferred to emerging markets, Russian exports accounted for the proportion of exports of China's LED lighting has reached 2.8% in 2012.

In the initial stage of China's LED lighting industry, showed a strong export-oriented. It is reported that, LED lighting exports amounted to approximately $ 5.8 billion in 2012, United States, Japan and Western Europe is still the major export markets in China LED lighting. In which the US accounts for about 24% of total exports, is the largest LED lighting export markets.

However, since the debt crisis in Europe, in response to the risk of sharp drop in export orders, LED lighting industry started to pay attention to China's huge domestic market. For the lighting stock data of China, the number of Chinese home using lamps approximately 4.2 billion, is the largest potential market of replacement LED lamps. Commercial and public lighting have larger use of high flux sodium lamps and fluorescent lamps, and commercial lighting lamp replacement cycle is shorter, therefore, commercial and public lighting is the largest market of the future capacity of the LED general lighting market.


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