Technological innovation and LED lighting industry development in China

Abstract

Current lighting industry faces a new situation, and that is rapid progress of technology in the world, rise of emerging applications, acceleration of market penetration and adjustment of competition pattern. The concentration of China’s industries has been further improved. Leading enterprises have accelerated their expansion, and overseas market expansion has accelerated. Integrating mergers and acquisitions becomes the mainstream. The study combed present development situation and current problems of China’s LED lighting industry. A case was chose to analyze technological innovation’s effect on development of LED lighting industry, and the suggestions for further developing China’s LED lighting industry were put forward. Results show that the key technology of lighting industry makes a significant breakthrough in China and optimizes product structure.