In the short term, due to the rapid spread of COVID-19 worldwide, the demand and consumption of LED lighting have been curbed to a certain extent. In the medium and long term, under the influence of the pandemic, there are still uncertainties in each industry. However, in order to reduce the negative impact on economic growth, governments around the world have taken actions to stimulate the economy through fiscal stimulus measures and monetary easing policies. It is expected to recover widely. Therefore, the lighting industry will benefit from government policies, because downstream LED lighting demand is highly correlated with macroeconomic development.
LED lighting products are necessities for people's production and life, so a rigid demand market still exists. During the popular period, the demand for residential lighting market has not decreased but increased, which shows this basic characteristic.
In addition, LED lighting products have further developed into digital intelligent dimming and control lamps. I believe that the lighting industry in the future will pay more attention to the intelligent system of products, human-induced healthy lighting and market demand in market segments.
