Chinese LED Market Hit Hard by Coronavirus – See Industry Survey

by | Feb 17, 2020 | 0 comments |

The Coronavirus has hit the LED Industry hard, with 72% of Chinese manufacturing companies reporting in on an LEDinside industry survey, that they expect to see NO profit this month.
To understand how individual Chinese LED companies are being affected, LEDinside collected 7471 voluntary survey samples showing that only 28% of companies will still make a profit under these trying circumstances. The survey shows that small and middle-size factories are most likely to be significantly impacted by the coronavirus outbreak especially when it comes to delays in production. For a full look at the survey results, click here.

0 Comments

Blogs You Might Be Interested In

LED Upgrades for Greenhouses – Five Tips to Major Savings!

LED Upgrades for Greenhouses – Five Tips to Major Savings!

Greenhouses are making the switch to LEDs and many types of crops are thriving under energy-efficient lighting. However, sometimes growers’ first choice is to go with a hybrid solution. When you are upgrading greenhouse lights to LED fixtures, it’s typically for...

Corporate Net-Zero: Where to Start, First Steps, and Microgrids

Corporate Net-Zero: Where to Start, First Steps, and Microgrids

The number of net-zero corporate pledges is continuing to rise, and companies are focusing on how they can meet these goals. Pressure from investors is one of the reasons corporations are paying more attention to their carbon footprint. Some investors are threatening...

News You Might Be Interested In

Backup Power Systems Can Improve Hurricane Relief

Backup Power Systems Can Improve Hurricane Relief

In September, Hurricane Ian made its way through the islands and the south knocking out power to millions of Americans and leaving their homes severely damaged. Florida, Alabama, Louisiana, Mississippi, and Texas all boarder the Gulf of Mexico and typically get the...

Dark Streets Can Lead to Dangerous Scenarios

Dark Streets Can Lead to Dangerous Scenarios

Since school is back in session and daylight savings time is closing in, keeping properly working streetlights is of the utmost importance for the safety of communities. In Springfield, Mass., the city leaders are working to come up with a plan to fix their...

Investing in LED Lighting Pays Off Long Term

Investing in LED Lighting Pays Off Long Term

LED lamps have been gaining more popularity between them and the alternatives. Some of the more popular alternative bulbs include incandescent, fluorescent, CFL and many more. There are many clear differences between each lightbulb from how they’re made to the cost....

Join Our Community

Thousands of business professionals rely on Action Services Group for the latest in Lighting,
Signage, and Electrical news. Add yourself to our community and receive timely updates on
safety, new products, energy savings, rebates, and so much more.
You can select what information you would like to receive.