In 20th July,2017, the Ministry Environmental Protection of China declared that China would carry out“the Minamata Convention on Mercury” from 16th August,2017, and also phase out the production and use of mercury-containing batteries and fluorescent from 2020. By 2032, all mercury mines will have been closed.
This is a piece of good news to
LED lighting industry. Fluorescent lights are the second wildly used luminaires
in China.Although the market of fluorescent is decreasing, it still keeps a
quarter of market shares in China. According to statistics,Chinese fluorescent
manufacturers produced 4.023 billion CFL
in 2016. It is obvious that the current LED manufacturers are most likely to
share this piece of cake.
As the white LED was
successfully developed in the early 21st century, LED industry was rapidly
developing. Chinese LED industry was also expanding quickly during 2006~2014.
In 2015, the whole industry slowed down its speed. But since 2016,it has been
developing with a steady pace. From the point of the whole product life cycle,
the LED Lighting industry is still in its growth period at present. In other
words, LED Lighting still has large market potential.
A few days ago, the GE, a big CFL
manufacturer in US, announced a plan of stopping the sales of CFL and turning
to the LED bulbs. The news also indicated from sides that LED industry was
about to usher in its heyday.
OKT Lighting has been focusing
on the north American market since 2012. The CEO of OKT Lighting analyzed the
trend and pointed out: In the future,OKT Lighting and other LED manufacturers
all have more opportunities in the market, but also face more fierce
competitions. None of us can stand out merely by prices or quality. Maybe
upgrading technology and reducing the cost is king.”
“OKT has always been focused on
research and development.Every quarter we have new models coming out of the
pipeline and we produce LED products that are more energy-efficient,
cost-efficient and aesthetically pleasing than those already on the market.
Installations of our products are much easier as well, helping customers to
further save on labour costs.”