LEDs power the way forward for domestic lighting
A growing number of domestic and overseas lighting manufacturers are paying more attention to the promotion of light-emitting diodes for household use in the Chinese market following a global move away from traditional bulbs and a dramatically lower price for the energy-saving product.
An increase in LEDs for commercial and public use has already helped boost business for lighting companies in recent years. The wider use of the lighting products will help create a new growth engine for the industry, said Wu Changjiang, founder and president of NVC Lighting Technology Corp.
"Following a universal ban on selling the traditional products - known as incandescent light bulbs - and a more acceptable price for light-emitting diode products, the LED industry expects explosive growth in the next three years," Wu said.