LED and OLED huge potential future cost decline still takes time

According to market research firm SBI (SpecialistsinBusinessInformation) estimates that 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. This is a full increase of 50% over 2007. SBI further predicts 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 be one of the best growth potential industries in the future because of the current global efforts for 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 lights than the use of incandescent traffic lights, 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" the Ministry of economic affairs has restated NT $2 to 300 million yuan budget, set in the LED street lamp standard, will launch the LED streetlight replacement program. According to LEDinside estimates, Taiwan LED overall market will have 400-500 billion scale business opportunities.