Estimated 2014 LED general lighting demand growth of 70% and 40%

Lighting market growth factors better than expected, with commercial lighting, the past cost recovery period is 8-10 years, has now dropped to 4-5 years, Goldman optimistic about LED lighting demand growth will be faster than expected in the next few years, in 2013 and 2014 situation, the estimated LED general lighting demand will have growth performance 70% and 40%, while Goldman Sachs original LED lighting penetration rate will reach 70% in 2020 did not change the view.

According to foreign securities issued by Goldman's latest global LED industry report, LED lighting products prices driven LED lighting market growth, general lighting demand in 2013 and 2014 respectively 70% and 40% growth, for the expected LED lighting penetration rate will reach 70% in 2020, the view has not changed, but the future lighting demand in recent years climbing speed is expected to fast than expected.

The global LED market, built in 2013 to 2014 LED demand Goldman securities under estimated value, because of influence in the LED backlight market, mobile phone display and total LED backlight demand up to 55-60%, mobile phone and TV backlight applications by permeability has become saturated, tend to moderate the growth strength of TV backlight is expected to continue until 2014 in 2014, Goldman estimates, mobile phone and display backlight demand growth rate of only 4%, 7% less than originally anticipated.

Compared to the conservative views of the backlight market, Goldman Sachs's optimistic view of the LED lighting market growth, decline of LED lighting products is driving the overall cost factors of lighting market growth better than expected, with commercial lighting, the past cost recovery period is 8-10 years, has now been reduced to 4-5 years, Goldman Sachs bullish LED lighting demand the next few years will grow faster than expected in 2013 and 2014 situation, the estimated LED general lighting demand will grow 70% and 40% respectively, while Goldman Sachs original LED lighting penetration rate will reach 70% in 2020 did not change the view.