not-stare-foreign-market-domestic-led-display-market-also-popular

Do not stare at the foreign market, the domestic LED display market is also very popular!

305 views admin 2018-08-30

After several years of rapid development, the LED display industry is now affected by the downward pressure of the domestic economy and the rise of Global trade doctrine. The growth rate has slowed down greatly compared with the past. China's LED display industry started in the 1970s and took shape in the 1980s. After more than 30 years of development, the overall production technology of China's LED display enterprises has made great leaps through technological transformation, tackling key technical problems, introducing foreign advanced equipment and some key technologies. Foreign LED display market prospects are promising: According to a report released by the U.S. Department of Energy, demand for LED lighting will increase by 7.4% per year; as one of the best lighting markets in the world, the huge potential of the U.S. LED market size may indicate that the entire overseas LED market is ushering in a period of rapid expansion. The US Department of energy report predicts that the overall scale of the US lighting market will reach US $25 billion 100 million in 2016. The US market is the largest overseas market for Chinese enterprises, which is comparable to the whole of Europe. The huge market and high growth rate are the reasons why many LED display manufacturers are looking overseas. Overseas market prospects are very good, so the domestic LED display market is still a chance? The answer is certainly. With the development of domestic economy, the purchasing power of LED display will also be improved. According to Statistics Bureau data, China's total retail sales of consumer goods in 2014 increased by 13% year-on-year, 0.3% and 0.1% faster than the first half of last year and the first three quarters respectively, showing a steady and rising trend. With the accelerated upgrading of China's consumption structure, residents'demand for high-end consumer products and services continues to increase, and LED display screen and other high-end consumer markets are expected to accelerate growth. Secondly, the acceleration of urbanization in China, the two or three line city LED display market space is huge. According to the city white paper recently published by the National Academy of Science and Social Sciences, the coverage rate of urbanization will reach about 60% by 2020. It is estimated that the consumption value of LED products will reach 500 billion yuan by 2020. With the implementation of the strategy of smart city and beautiful countryside, the domestic LED display market will usher in a new explosive period. While cultivating overseas markets, display industry should not neglect the large domestic market, or it will be worthwhile.  

The whole process of shipment of 3 sets of LED trailer screens in Australia in May

This is the workshop of our trailer screen Made in full accordance with Australian standards ...

Do you like ?73 views

Read more

The awarding ceremony of the Sunrise Team started

  This month, the awarding ceremony of the Sunrise Team started again. The business manager...

Do you like ?75 views

Read more

Sunrise Elite Team North Guangdong Trip in 2020 Spring

  Hope you can become our customer and let us take you to travel all over th...

Do you like ?96 views

Read more

Sunrise Business Staff Commendation Conference

  The first to win is Jack, who was the person with the largest order amount in March...

Do you like ?112 views

Read more

Video | Rocky series LED rental screens are shipped in large quantities

Rocky series LED rental screens are shipped in large quantities. Personally customized flight ca...

Do you like ?238 views

Read more

100 square meters rental screen in the United States

 The customer in Stateline Nevada installed LED rental screen and started his first busine...

Do you like ?152 views

Read more

Australian customer’s trailer screen case

This is a trailer screen case from an Australian customer. Screen size is 3.84×1.92M...

Do you like ?160 views

Read more
//