In recent years, the transformation of state-owned enterprises, factories and mines, and the substantial investment in national infrastructure. The market prospect of LED high bay lights is very huge. It is estimated that the total LED high bay light market will reach more than 4 times of LED street lights in 2018.

Nowadays, the number and planned area of emerging industrial and high-tech bases and development zones in various regions continue to grow. According to relevant statistics, in 2017, the area of newly-built factories and warehouses in China has reached more than 500 million square meters. This has also driven the rapid growth of the LED high bay light market.

"From the perspective of the target market of industrial and mining lamps, urban exhibition centers, large shopping malls, farmer's markets, supermarkets, stadiums, toll stations and other places have also become large growth players in the industrial and mining lamp market, with a wide range of product applications.

In 2017, the global LED high bay light market will rise from 2 billion U.S. dollars in 2016 to 12 billion U.S. dollars, while street lights only rise from 2 billion U.S. dollars in 2016 to 3 billion U.S. dollars. In contrast, the high bay light market is growing at an amazing rate. .

"At the same time, compared to other indoor low-power lighting products, LED high bay lights have special or even essential differences. First, unlike indoor lighting, LED high bay lights are mainly retail customers. The main customer groups are engineering companies and some The demand for powerful distributors is not as large as commercial lighting and home lighting, and it is difficult for prices to fluctuate greatly.

Moreover, because the installation and maintenance costs of industrial lighting products are very high, the product quality and after-sales service requirements are very high. Low-quality products are prone to high maintenance costs due to product damage at the same time at low prices. Price will not become the primary goal of customer choice.

"At present, the LED high bay light market is in a period of rapid development, and the intelligentization of high bay lights using LED drive power is the general trend. We are also continuously increasing R&D investment in this area, trying to grasp the development trend and lead the entire The development of the industry.

Nowadays, the price of LED indoor lighting has bottomed out in large quantities, and the industrial and mining lamp market, as a booster in the current environment, may enter explosive growth under the next step of the market. Xiangyueda Optoelectronics will also continue Pay attention to the market trend of this market.