2014 LED industry boom and expansion of confidence will continue to rise

2014 LED lighting demand is expected to rise, or to promote the improvement of the whole industry chain supply and demand. LED lighting era, the industry inflection point upward, profit improvement, policy catalytic acceleration. 2014 industry boom and expansion of confidence will continue to rise, industry growth is expected to resume high growth.

2014 LED industry boom and expansion of confidence will continue to rise

Key embodiment:

One of the LED and the lowest price difference of nearly 1 times;

Second: $10 sweet point of rapid increase in product types;

Third: the demand to enter the high elastic growth stage, the demand for price sensitivity increased significantly;

Fourth: the proportion of LED lighting applications output value will be comparable with the backlight, is expected to reach more than 40%;

Fifth: 2014 price decline is relatively limited, a single quarter decline in less than 5%.

From the financial point of view, the industry continued to improve profitability, gross margin is expected to gradually stabilize. From a policy perspective, in 2014 the world entered the second wave of incandescent ban peak, accelerate the promotion of LED lighting related products.

From the perspective of the industry, with the rapid growth of demand for lighting applications, through the 2012-2013 to the capacity of the rate will continue to rise by MOCVD in 2014, the production capacity of the equipment increased from 74% in 2013 so far more than 85% (domestic promotion by 2013 more than 63% to more than 72%), with the rate increase by MOCVD, the international leading manufacturers have to be increased capital expenditure, highlighting future confidence. The use of MOCVD to enhance the rate of equipment capacity, driven by the upstream Mo source and demand to sapphire, supply and demand is expected to continue to improve; downstream packaging applications, with the traditional lighting manufacturers to accelerate the transition to LED, gradually enhance the degree of industry concentration, the relationship between supply and demand will gradually improve.