Lights plays an important role in every sector. The application of lights in activities such as interior designing, photography, and other uses are rising with the increase in population. Numerous researchers have indicated the usage of LEDs in growing plants through practical evidence. The global lighting market size was $118.33 billion in 2019 & is projected to reach $163.72 billion by 2027, exhibiting a CAGR of 4.3% during forecast period.
According to survey conducted by the lighting industry association (LIA) during the lockdown period, 89% of LIA’s member reported that their business remained opened and have recovered 95% of their sales. The growth of this market is expected to remain constant during the lockdown period and increase after the lockdown.
According to this latest study, the 2021 growth of LED Encapsulation will have significant change from previous year. Over the next five years the LED Encapsulation market will register a 4.0% CAGR in terms of revenue, the global market size will reach US$ 2328.3 million by 2026.
AEC from Alibaba.com, a Specialist in Lighting Production
AEC, a specialist in LED mobile lighting. So far, AEC has extended business to over more than 70 countries and served more than 5 million people worldwide. After launching its mobile lighting brand ALS to the global market, it has continued to introduce new brands, including UVPLUS, MEDIALITE, AIRSTERY, and other brands. Adhering to the young, creative, and passionate company philosophy, AEC will provide the best for global users. High-quality products and services.
AEC is very good at combination innovation. For example, 11 years ago, AEC was the first manufacturer in the world to replace the traditional Ni-MH battery with lithium battery in work lights, which not only increased the battery performance but also reduced the waste of resources; AEC is also the first in the world to combine the charging system of smartphones with work lights and launch work lights with built-in intelligent charging system to reduce product damage and waste caused by improper charging; In addition, ODS (Obstacle Detection System) integrates intelligent sensing technology into the working lamp, which can not only prevent the fire accidents when lamp body is covered by objects but also detect the situation that when users have not used the lamp body for a long time then turn it off automatically, to achieve the purpose of energy conservation and environmental protection.
All these achievements thanks to AEC's continuous focus on new technologies, and the deep understanding of users' pain points and market demands due to 21 years’ experience in the industry. In terms of quality, the testing laboratory is certified by CSA, TÜV, and Intertek which are three of the world's top testing institutions, and test standards for drop test, temperature test, bending test, and other tests are always higher than international standards, to ensure the durability and reliability of products. Although all products of AEC are aimed at the high-end market, the super durability and reliability essentially help users to obtain more output with fewer resources, which is also conducive to improving users' awareness of social environmental protection. As for design, products have won many famous design awards at home and abroad, such as Red Star, iF, IDEA, RedDot, and Good Design awards.
The main task of a productivity tool is always to make works more convenient, efficient, cost-saving, and enjoyable. The “using cost” is not only about the price but rather the long-term benefits of reliability and durability of the product, as well as the labor cost and use experience determined by the features and design.
Along with the one-stop service from Alibaba.com and the rise of China's manufacturing industry, excellent Chinese products will be favored by more and more global buyers.
An Elite Solution for an Elite Client
In June, Alibaba.com launched an Elite Partner Event where buyers can find high-quality products and suppliers in one place. This vetted group of global suppliers features innovative, new technologies and products in various categories to help enhance your competitive edge.
AEC is one of the Elite partners.
With the Elite Partners Event, companies can:
- Find high-quality products and suppliers in one place.
- Partner with top sellers that have an average rating of more than 4.81 out of 5.0.
- Discover potential markets in which to invest their money and time.
- Easily reach out to selected suppliers with outstanding products and services, from R&D and tailor-made design to customer service and order fulfillment.
Impact of COVID on e-commerce
The outbreak and rapid spread of the COVID-19 pandemic have had a huge impact on the economy, promoting the accelerated development of e-commerce. In fact, the proportion of e-commerce in GDP has expanded from 20.8% to 34.8%. To a certain extent, the development of e-commerce will be conducive to reducing the negative impact of the pandemic, playing a "complementary" role in the real economy.
For example, amid the pandemic, B2B sourcing and selling via an online e-commerce marketplace grew by 14 percentage points — from 21% to 35% — between December 2019 and September 2020 (Source: Alibaba.com, US B2B Small and Medium Business Survey, September 2020).
Businesses have now been exposed to the upsides of embracing e-commerce and are in search of ways to successfully adopt these new technologies to gain more efficiencies and achieve new levels of growth. With Alibaba.com, companies can also expand their international footprint. The inherently global nature of Alibaba.com’s supply allows buyers—whether it’s retailers, wholesalers, manufacturers, or service businesses—to grow their reach digitally without the need to travel. Time zones become unimportant, allowing business discovery and communication 24/7.
Alibaba.com is leading the way
Alibaba.com, the Leading Global B2B Trading E-Commerce Marketplace, serves millions of business buyers and suppliers of all sizes across more than 200 countries and regions, offering a suite of powerful tools built specifically for B2B trade.
With Alibaba.com, both buyers and sellers can get considerate services.
One-stop Service: Use one-stop service from Alibaba.com to upgrade your company's efficiency. These companies function to assist establishments to improve their performance. Consultancies may provide organizational change, management assistance, development of coaching skills, process analysis, technology implementation, strategy development, or operational improvement services. One-stop service providers often bring their proprietary methodologies or frameworks to guide the identification of problems and to serve as the basis for recommendations with a view to more effective or efficient ways of performing work tasks. The customer is bound to find a useful information set to elevate performance.
Optimize Shipping Efficiencies: Buyers can take advantage of transparent, reliable, and cost-effective logistics services, simplifying the entire process. Intelligent route algorithms and multiple freight forwarders and carriers are available to ensure end-to-end transparency and real-time tracking.
Source Securely from Around the World: Alibaba.com supports over ten major global payment methods and 50+ currencies worldwide. To reduce the risk, buyers who purchase on the Alibaba.com platform can use the free proprietary order protection escrow service, Trade Assurance. Through Alibaba.com Trade Assurance, if anything goes wrong with issues of quality or shipping delays, Alibaba.com will assist in reaching a satisfactory outcome, including getting your money back.
