Neo-Neon LED Lighting International Ltd gears up for LED market takeoff
Q: As a leader in the line, how do you see China's LED industry five years ahead?
A: The pace at which LED lighting is replacing traditional fixture has sped up. Domestically, the market for new lights is currently about 200 billion yuan ($29.9 billion) each year. In a decade, this could reach 500 billion yuan ($74.8 billion). Of course, this will take a lot of effort. At present, there are too many makers and the industry does not have a standard.