China is one of the fastest growing countries in the global urbanization process. China has listed LED lighting as a "12th Five-Year" strategic emerging industry. Ningbo is listed as the pilot city of the national "ten cities and thousands" of semiconductor lighting application projects, and the global LED industry market is about 648 billion 74 million US dollars in 2017, up 13.42% in the same period. The growth rate of the mouth is faster. Ningbo has become one of the most important production and export bases for semiconductor lighting products in China.
According to analysis: in the first quarter of 2018, the total export value of China's LED lighting products was 6 billion 788 million US dollars, up 3.8% over the same period last year. According to the planning requirements, by 2020, the overall output value of the semiconductor lighting industry will reach 10000 billion yuan, and the sales of LED lighting products account for 70% of the total sales of the whole lighting industry.