Efficient energy-saving lamps into a large-scale commercial LED plate prospects bright

In late December 15th 8, Chengdu high tech Zone, 1000 LED street lighting energy efficient streets in 13 for the first time. This is the end of 2008 issued by the national "Ten City million light" plan, the official implementation of the first LED lighting street lamp project in Chengdu. LED as a new type of solid-state cold light source, low energy consumption, long life, green environmental protection. More than 55% of the traditional high voltage lamps to save electricity, each lamp life of up to 50 thousand hours, if one year does not turn off the lights, equivalent to continuous lighting for nearly 6 years.

But the price is also expensive, the use of the Chengdu LED energy-saving lamps 6000 yuan per lamp. It is reported that by the end of 2011, Chengdu plans to install more than 100 million LED street lamps.

At the beginning of December 2009, the world's biggest retailer WAL-MART and American Corey (CREE) signed an agreement, both sides agreed that the 2010 WAL-MART stores in North America (approximately 650) will use the LED lamp corey.

LED trends

LED corresponds to the stock, so that it is highly imaginative in the two markets. A radical researcher to determine the LED industry in the next two years CAGR (compound annual growth rate) will be more than 60%. This is far beyond the mainstream brokerage researcher optimistic 30% judgment.

Indeed, the application of LED business opportunities unlimited.

With the continuous improvement of LED luminous efficiency (LM / W) and the price continues to decline, LED is driving some new lighting applications. Previously, LED is mainly used as a mobile phone, LCD TV backlight.

2007 years ago, the main application area of LED is the mobile phone backlight, high-end large size LCD backlight accounted for only 2%. 2008, LED began to surge in the application of LCD screen in 2009. Conservative estimates, in 2009 the LED backlight LCD TV shipments in more than 5 million units. This has led to a surge in LED backlight.

But the broader application in the field of lighting, the field is a few times the size of other applications.

General lighting market to incandescent / halogen lamps, energy-saving lamps are the most commonly used. The traditional incandescent lamp light conversion efficiency is the lowest, only less than 10%, a lot of energy into heat. Based on the consideration of energy saving, all over the world have developed a schedule to replace incandescent lamps, incandescent lamp was replaced by energy-saving lamps, LED is the trend.

By the end of 2008, the Ministry of science and technology Chinese launched the "ten city lights" LED street lamp demonstration project, the target is at the end of 2011 in the 21 demonstration city, lit 6 million LED lights, in 2009 and 2012 respectively 1 million, 2 million, 3 million lamp lamp lights, 5 million lights.

From a global perspective, in 2008 the world has 183 million lights, most of the high and low pressure sodium lamp and mercury lamp, LED lamp is only about 900 thousand, accounting for only about 0.5%. With the active promotion of governments around the world, is expected in 2009 LED street lamp accounted for about 1%, accounting for the proportion will rise to 2.2% in 2010, or about 4 million 500 thousand.

But the price of 6000 yuan per (150W) of the use of the price is doomed, at present, LED lighting has only the significance of energy-saving demonstration.

The problem is that LED high-power lighting technology is still not mature, not up to the extent of large-scale commercial, the cost is too high. Jiangsu, a LED company executives told reporters. As a shrewd industrial operators, the Mister closely watched the development of LED lighting technology. "I can put the machine fully open, the production of such lamps, but I will not, because the market is not yet mature, but the advantages of this lamp is very promising. "

Expensive light

Market for LED sought after, began in early. In optoelectronics as an example, by the end of 2008 the starting from 6 yuan, has risen to 40 yuan, the highest increase of 560%, becoming one of the big bull stock in 2009.

As the LED industry leading enterprises, an optoelectronic products covered panchromatic series LED epitaxy and chip, which accounted for nearly 60% of capacity, the company's gross margin has been at a high level. At present, the company is expanding production capacity, industry leader position will be further established.

In March 2009, there institutions dedicated seats purchase returns in an optoelectronic three move, since the Milky Way securities Ningbo Liberation Road Securities Business Department and other hot money is also frequently appeared on the sale list.

An optoelectronic current of about 40 yuan price corresponds to the static price earnings ratio of more than 50 times, was high. Some researchers believe that, despite the good prospects for LED, but whether it can achieve high growth rate is expected to be a key issue, the current share price does not have the margin of safety.

Since this year, BDO, Tongfang, LIAN opto, Feile acoustics has also invested in LED field. Similarly, the company's share price has been high.

But radical researchers insist on good, even if similar Sanan optoelectronics of listed companies has been very expensive". The important reason is that: the world's largest lighting company PHILPS estimates its product portfolio in the proportion of LED products will be increased from 5% to the current 2020 of 80%!

"The current LED lamp cost is relatively high, the technology is not yet fully mature, we expect energy-saving lamps will play a major role in the short term. However, with the improvement of technology and production efficiency, LED lamp prices continue to decline, after 2012 LED lighting will enter the ten year glory! Liu Jing, Societe Generale Securities researcher in the electronic industry investment strategy in 2010 pointed out.

It is clear that the price of LED lighting has become a key factor in business applications, no matter how good the prospects, the market can not accept the expensive light. Shanghai, a private equity fund managers and reporters to explore the key points of the LED industry. How much is the price, in order to achieve a degree of popularity, which is a key, 6000 dollars is certainly not good. Societe Generale Securities Liu Jing research found that LED prices today