ASEAN will become another growth pole of LED export

LED companies in Europe and the United States focused on economic recovery, lamented the slow growth rate and want to exit or difficult transition, emerging markets in Southeast Asia ushered in economic recovery and development. The recovery of ASEAN countries will become the domestic LED display screen, LED lighting companies export another growth pole.

ASEAN is the third largest regional organization in the world after North America and European union. Population 576 million, gross domestic product (GDP) amounted to $15062, in terms of trade, China ASEAN Free Trade Area has a unique advantage of zero tariff policy. Chinese as the world's largest LED lighting production area, has formed a huge industrial chain in LED, downstream industry comprehensive advantage is obvious, although Chinese mainland market also has great potential for development, but the number of industry chain complex enterprise, competition situation is still grim. And at this time the ASEAN market, more like an undeveloped virgin land.

According to the Ministry of Construction announced the news, drafted by the Ministry of construction "2011-2020 National City Development Plan" the draft has been completed, the 2011-2020 Vietnam city development of a total investment of 1098 trillion rupiah (about $50 billion), the 2015 national city level will reach 38%. According to the plan, the city 2011-2015 years of development investment amounted to $23 billion, including $20 billion investment in new facilities, the city transformation investment of $3 billion; 2016-2020 $27 billion a year, including new facilities investment of $24 billion, $3 billion makeover. Thus, LED lighting in the ASEAN market, there is a huge potential for expansion, the future may become a new strategic stronghold of Chinese LED companies.

The recovery in Southeast Asia countries in infrastructure construction investment increased, city urbanization undoubtedly will greatly accelerate the LED lighting in the city, the process will undoubtedly occupy a very important position, the demand for LED commercial lighting, city lighting will be greatly affected by the growth in the European debt crisis in Europe, many countries have cut government spending, which led to the European market shrinking lighting equipment in the government procurement and the municipal engineering construction market, ASEAN will become another growth of LED display, LED lighting products export pole.