On 20th February, the "2017 LEDinside Chief Analyst Market Seminar" (Shanghai Station) was successfully held by LEDinside representing TrendForce and CNLED web in Shanghai Parkyard Hotel. Shanghai Wellmax Lighting Industry Co. (hereinafter referred to as "WELLMAX") as the LED Bulb Expert, attended the event as the event’s sponsor. WELLMAX CEO Wang Yamin, head of Procurement Department Ji Lei and other team members exchanged views with many honored guests on the scene. The conference attracted many top LED manufacturers, research centers, testing organizations from home and abroad. The event was covered by 18 media partners. 

Over 300 professionals attended the 2017 Market Analysis Conference of Chief Advisor (WELLMAX/ LEDinside)

Trend of Global and China LED Industry

In 2016, the gross export value of China's LED lighting increased slightly by 2%, showing insufficient impetus for lighting industry. LED prices in 2016 stopped its falling momentum, and growth of the entire industry was mainly driven by automotive lighting field, small space lighting and other segmenting fields. The main force that influenced the drop of LED price in 2016 was the rise in price of raw material. Industrial lighting played an increasingly important role in the lighting industry with its global market scale reached 2.932 billion dollars. It is also projected to reach $5.204 billion by 2020.

WELLMAX is the honorary sponsor of the annual grand conference (WELLMAX/ LEDinside)

"2017 LEDinside Chief Analyst Market Seminar" co-hosted by LEDinside and CNLED web discussed  the price fluctuations of the LED market, the logics driving the raising price of LED, and more importantly the new areas that are quietly picking up the baton of LED industry development. This seminar presented the "2017 Development Trend of Global and China LED Industry" themed lectures, which opened further discussion on Micro-LED, automotive LED, intelligent lighting, LED filament bulb, LED price game phenomenon and other topics. This meeting attracted more than 300 industry insiders to discuss and communicate.

Compared with the fast-growing LED lighting market in the world, Chinese LED lighting manufacturers have a long way to go in areas such as product testing, research and development, quality control and brand promotion.

Yet Chinese manufacturers are ambitioned to do better to improve the quality of LED lighting products as much as possible with continuous research, product development, testing technology and services. In this process, WELLMAX stands out as the strategic partner of Samsung LED, providing LED bulbs that are among the best in the world.

WELLMAX has long enjoyed a good reputation in the international lighting field. With wealth of research and development, quality control experience and elite expert teams, WELLMAX’s products are a popular success around the world. WELLMAX’s "ErP Witness Laboratory", certified by SGS and DEKRA, focuses on design and testing of more energy-efficient LEDs and offers global buyers with professional and customized indoor LED lighting solutions for different countries and markets.