COVID-19 Spurs Market Opportunities for UV/IR LED and Horticulture Lighting - Energy Watch News


COVID-19 Spurs Market Opportunities for UV/IR LED and Horticulture Lighting

COVID-19 pandemic has led to lockdowns across the world with pause in business operation and production, resulting enormous impact globally. The technology industry, as one of the most affected field, not only needs to tackle the challenges brought by the coronavirus but also has to reconsider its strategies and operating plans for the post-pandemic world. As for the LED industry, since the supply chain mostly locates in Asia with the majority of production coming from China, plus high inventory due to oversupply in the past few years, the coronavirus epidemic has relatively slighter impact on the industry. Only the packaging companies suffered a little from lack of manpower during the China lockdowns. Therefore, it is not likely to see much changes in the ecosystem and supply chain structure of the LED industry. Nevertheless, the COVID-19 pandemic does drive more application opportunities for the LED industry including germicidal UVC LEDs, social distance controlling infrared sensors, and horticulture lighting to back food supply. https://www.ledinside.com/news/2020/5/covid19_impact_ledindustry

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