Huge potential LED and OLED lighting future lighting industry

According to market research firm SBI (Specialistsin Business Information) estimates, the global market size of LED and OLED has more than 5 billion U.S. dollars, while the United States accounted for $1 billion market value. That's more than 50% growth in 2007. SBI further estimates that in 2013 the global LED and OLED market size will reach $14 billion, while the U.S. market size of up to $3 billion.

Why led and OLED technology, can become one of the best growth potential of the industry? Because the world is currently working on the green energy industry more than ever before. This is all thanks to rising oil prices in the first half of 2008, as well as other resources, and global climate change has had a huge impact on mankind.

LED is more efficient than traditional incandescent lamps in converting energy. Generally speaking, the LED conversion efficiency is 80%, while the incandescent lamp is only about 20%. For example: the use of LED traffic signal than the use of incandescent traffic signal can be reduced by 92% of energy use.

In the long run, if more LED or OLED applications are built, there will be no need to build too many power plants in many parts of the world, even if the world's population is growing and the demand for electricity is higher. Because led and OLED will be able to reduce the power consumption of each person and even the user, so once the higher penetration of LED lighting, the existing power plant is sufficient to meet demand. However, SBI also reminded that even if the benefits of LED and OLED so much, but it still takes time to reduce costs.

So one of the key factors that hinder the popularity of LED and OLED is cost. Once the price fell rapidly, perhaps led and OLED market size will be greater and more popular.

Taiwan is also actively working to create the LED market. The Energy Bureau of the Ministry of economic affairs have been restated NT $2 to 300 million yuan budget, set in the LED street lamp standard, will launch the LED streetlight replacement plan. According to LEDinside estimates, Taiwan led overall market will have 400-500 billion scale business opportunities.