They are just laymen come to such a conclusion. Is LED industry decaying? LED is increasing at the rate of over 30% every year and the speed even going beyond 40% this year. How many industries can do this? Autumn Light Exhibition in Hongkong this year and over 95% of the exhibited products are LED products. Recession is just a phenomenon of some enterprises. LED is now on the stage of rapid development especially at home and it has not truly been prosperous yet.
I tell you one thing. During August and September this year, a lighting company in Foshan laid off the entire energy-saving light department because they could not sell the lights out and they have to be engaged in LED. I have been to some places and figured out that more enterprises engaged in traditional lighting closed down than others in lighting industry. The investigation of some associations shows that in a professional market specialized in the manufacturing of energy-saving lights, there are energy-saving lights producing enterprises going out of business as LED light has entirely substitute energy-saving lights. LED light takes an edge over the energy-saving light no matter from which technological index. It is not long before the energy saving light becomes history and walks into the museum.
Hence, the LED industry is impossible to die out. Just like a vigorous young man may make detours as a result of exploration. But the future is bright and full of hope. The so-called failure, just as other industries, should inevitably undergo the procedure of survival of the fittest and superior bad discard. There will be no new vitality and breakthrough and innovation if there is no reasonable circulation, but affecting the rapid development of LED industry.