With the global LED market growing to $33 Billion, US is still leading the charge. Strong Dollar Policy makes the United States become the growing driver of global LED lighting demand market. Meanwhile, in order to maintain industrial development, the United States is promoting LED development to meet the local market demand and expand market globally.
In addition, American major manufacturers are actively developing LED lighting business, with the rising LED lighting penetration rate. LED commercial and industrial lighting demand is strong in the US market, among which demand for Troffer, panel lights, tunnel lights and high bay lights grows fastest and they begin to develop towards intelligence and optical communications and other new application areas.
Chinese LED lighting manufacturers backed by government financial aid, have carved out a huge chunk of the global LED market for itself and 2017 is expected to witness a continuation of this trend. We are looking forward to continuation of this trend.
The future is bright for Shanghai Spark Asphalt compound because we can provide high quality potting compound at a very competitive price compared to similar solutions. In some cases, our price is 1/5th of competitors’ price. Once customers are used to the hot melt compound concept, adoption is very easy and involves very little cost. Most large multi-national LED suppliers are already using our compound for many years now.
The timing is now. The earlier the LED supplier convert to asphalt compound, the better they can position themselves on the market in terms of BOM (Bill of Material) cost and quality assurance. We are increasing our customer base to around 20% yearly.
We have been working with the top traditional lighting suppliers over the last 20+ years. Historically, our focus has been on electronic ballasts, industrial capacitors, HID ballasts, transformers, and other various electronic applications. If you go through the top 10 lighting suppliers in the world, they are all Shanghai Spark’s current customer.
Our business model has revolved around our core value, and that is customer first. We pride ourselves of our quality, our excellent customer service, and our production capability. I can honestly say, you can not find another asphalt supplier in this world that can compete with us.
6 斯巴克的□黑膠產能和銷量是世界 第一，中不是散神國的市場這麽大，你們面對國內外的競爭企∮業，有什麽制勝經驗?
We run a very honest and transparent business and we would like to help our customers save money. By maintaining the highest level of quality, we can compete with anyone in this market.
We recently reached our milestone of shipping 200,000 ton of asphalt compound. We also increased our production capability to 2000 ton per month. Those are all indications that we are committed to this market and we are here to stay.