/PRNewswire/ The "Light Emitting Diodes Market Research Report by Technology, by Product Types, by Installation Type, by Applications, by Region - Global.
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The global LED packaging market is estimated to grow from USD 17.6 billion in 2021 to USD 22.1 billion by 2026, at a CAGR of 4.6%.
The market has a promising growth potential due to several factors, including the risen demand for IoT-enabled lighting fixtures and smart lighting solutions, surged demand for LED packages in display panel market, increased demand for UV LED-based disinfection systems amid COVID-19, and recent government initiatives and regulations promoting use of LEDs for energy efficiency and environmental benefits.
COVID-19 sent both demand-side and supply-side shocks across the global economy. Leading LED package providers, such as OSRAM (Germany) and Seoul Semiconductor (South Korea), have incurred significant losses owing to the pandemic. Both companies have reported a decline of approximately 9% and 10%, respectively, in their 2020 half-year revenue as compared to the previous year. Gov
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Zhongshan, China – On December 12th, the “Cocoon-break · Rejuvenated · Global release conference”, hosted by Forest Lighting Fresh Air, set sail at the Westin Hotel in Zhongshan’s ancient town. The leaders of Zhongshan municipal government, the industry’s elite and many friends from media area gathered together, highlighting the brand strength and strong cohesion of Forest Lighting Fresh Air. Shine new life, witness together!
Guests who attending the launch:
After five years, nearly two thousand days and nights of research and development experience, with more than 20 years of manufacturing technology precipitation, more than 30 industry-top experts technology crystallization, continue to breaking through the industry’s technical problems, grasping the negative ion core technology comprehensively, release “Fresh Air” new products, subvert the air purification industry, a comprehensive layout of the 2021 air health market.