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Lier Industrial Co., Ltd. (Shenzhen Li'er and Hong Kong Li'er) has been focusing on providing technology, products, and services in six major fields: automation, electronics, environmental protection, optoelectronics, chemical industry, and electrical appliances for many years, committed to building a modern enterprise that integrates technology, industry, and trade.
LED overcapacity leads to significant market competition and contradictions
According to relevant media reports, Beijing recently launched an energy-saving promotion plan, selling 12 million energy-saving lamps for 1 yuan per unit. Not only in Beijing, but also in provinces and cities such as Jiangxi, Guangzhou, and Zhejiang, energy-saving lamps are being promoted one after another. For many consumers, this is not only in response to government energy-saving and emission reduction policies, but also the best choice for economy and energy conservation.
Chinese lighting manufacturers advocate green and energy-saving to enhance competitiveness
Chinese lighting suppliers are committed to developing green and energy-saving products to win more orders, and they expect the export market to achieve vigorous development in the next 12 months. The relevant information comes from the product categories covered by the Global Resources Report, including light bulbs, indoor and outdoor lighting, and lighting equipment and accessories. The report also points out that suppliers are increasing production of energy-saving lamps and LED lighting products in order to maintain their competitiveness in the face of export recovery.
The rapid maturity of the LED light source industry and the increasing popularity of its application scope have also affected the display industry: LCD televisions with LED light sources, DLP splicing walls with LED light source back projection, micro projectors with LED light sources, and commercial and household projectors are rapidly developing in the emerging display market. At the same time, LED light sources have accounted for more than half of the laptop display market for the first time, with a product premium of less than 5%, truly forming a trend of popularization.
The automation equipment market and the trend of large factory layout
Automation has grown significantly since the pandemic, with an estimated global industrial automation market size of $196.6 billion in 2021 and expected to expand to over $412.8 billion by 2030. It is expected to grow at a compound annual growth rate (CAGR) of 8.59% during the forecast period from 2022 to 2030.
The Trend of Automation Market
In 2022, China's GDP grew by 3% year-on-year. In December, the Purchasing Managers' Index (PMI) of China's manufacturing industry was only 47.0%, a decrease of 1.0 percentage points from the previous month. It has been below the critical point for several consecutive months, indicating significant downward pressure on the manufacturing industry
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