Development of LED market is unstoppable, in my opinion, completely reforming of traditional lighting may happen in the next 3-5 Years said Chen Nan, one of the management of NVC lighting.
Firstly, the price, in the last few years, LED lighting were too expensive to afford. But now we can see outdoor and indoor LED lighting everywhere because of the price corrections. Meanwhile, both the quality and market are uneven. Different from traditional lighting, light source of LED product is semiconductor requiring electrical technology and application technology. Also, construction, heat dissipation and energy consumption of LED need technology and experience. As a conclusion, reforming of LED product is a trend of technology development bringing improper product development to an end.
Secondly, industry development, in the past, whether enough technology and experience is in place or not, enterprises rushed into LED lighting industry. Now we all see megatrends of intelligent and IT-oriented development leaving little space to small assembly company. Only those who devotes to R&D having strong financial support can obtain a sustainable development. a