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Business Opportunities of LED Dimmable Driver in Belt and Road Markets

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Business Opportunities of LED Dimmable Driver in Belt and Road Markets 2019-01-18

The Belt and Road refers to the land-based "Silk Road Economic Belt" and the seagoing "21st Century Maritime Silk Road". The routes cover more than 60 countries and regions from Asia to Europe via Southeast Asia, South Asia, Central Asia, West Asia and the Middle East, currently accounting for some 30 percent of global GDP and more than 35 percent of the world's merchandise trade. Today, let’s talk about the business opportunities of LED dimmable driver in Belt and Road market.

Firstly, What is the Belt and Road?

The Belt and Road initiative provides a visionary blueprint for global economic development in the new world order. Taking reference from the historic Silk Road, which transformed the nature of international trade links in ancient times, the Belt and Road Initiative offers a modern-day solution that fosters inclusive growth and development in the 21st century.

The Belt and Road initiative is set to reinvigorate the seamless flow of capital, goods and services between Asia and the rest of the world, by promoting further market integration and forging new ties among communities.

The Initiative offers global businesses - from multinationals to small- and medium-sized enterprises - unparalleled opportunities to tap into new markets along the Belt and Road and gain deeper access to markets in the Chinese mainland, ASEAN, the Middle East, and Central and Eastern Europe. Therefore, for developing and emerging economies in these areas, investment and trade accelerate development of LED dimmable driver for the benefit of all.

Secondly, What’s the relationship between business opportunities of LED dimmable driver and the Belt and Road?

Chinese manufacturers focused mainly on the professional lighting solutions, including LED dimmable driver applied to offices, commercial building, banks, hotels, public centers, etc. It is learned that LED currently makes up about 60% by value of LED lighting market, with more and more manufacturers moving to intelligent lighting. The pursuit of energy-efficiency and higher living environment will drive new needs of LED dimmable drivers. Moreover, with an increasing number of renovation projects and the rapid development of smart cities, it is estimated that the demand of LED dimmable driver will increase, which is a great opportunity that Chinese manufacturers can grasp. So this is an excellent business opportunity of LED dimmable driver in Belt and Road market.

Chinese manufacturers should look ahead, LED dimmable driver, will be a guide to the smart cities.