Chen Yansheng: China's lighting industry and LED lighting development

Mr. Chen Yansheng highlighted that China's lighting industry is currently experiencing continuous, rapid, and stable growth. This year, the export figures for lighting products in the first quarter reached $7.96 billion, with LED lighting exports amounting to $1.67 billion. According to him, although China is a major producer of lighting products, the industry consists of a large number of enterprises, most of which are small in scale. Many LED lighting companies have transitioned from traditional lighting manufacturers or come from other industries entering the LED sector. This represents the current state of China's LED lighting market. Looking ahead, Chen Yansheng believes that the LED lighting industry is still in the phase of replacing traditional light sources. In the future, it will move into a stage where lighting solutions become more important. Intelligent lighting is expected to be the next big trend. In terms of product development, efficiency alone is no longer the main concern. Instead, the focus will shift toward product quality, reliability, and overall performance. These factors will become key areas of competition in the coming years. Regarding the future of the LED industry, Mr. Chen outlined four key points. First, he suggested that local governments should reduce their interference in the market, allowing the market to play a more significant role in resource allocation and ensuring a fair competitive environment. He hopes this will lead the industry back to a more rational state. With so many LED lighting companies operating in China, he expects the industry to eventually go through a process of natural selection—only the strongest will survive. Second, product quality must be a top priority for enterprises. Safety should come first, followed by performance, and then energy efficiency and light output. If companies prioritize price over quality, they won't last long. Third, innovation and brand awareness are crucial. Currently, China's LED lighting lacks strong brands. Mr. Chen urges leading companies to invest more in innovation and build a stronger brand presence on the global stage.

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