LED and OLED lighting is the key to the cost of war

At present, with the advocacy of green energy industry, LED and OLED technology has become one of the best growth potential industries, the global LED and OLED market is growing.

Market research firm SBI estimates, the current global LED and OLED market size has more than 5 billion U.S. dollars, of which the United States accounted for $1 billion. Compared to 2007 growth of 50%. 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.

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%.

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.

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 program. According to LEDinside estimates, Taiwan LED overall market will have 400-500 billion scale business opportunities.