The application of LED downstream demand growth lighting display open incremental space

With the continuous development of LED downstream applications and gradually enhance market penetration, with high value-added lighting, small spacing display, LED and other emerging markets will bring incremental space. Agency expects, due to the expansion of the middle reaches of the packaging plant to slow down and downstream applications such as the expansion of demand factors, the future is expected to rise in LED prices or heating.

LED is a semiconductor device that can convert electric energy into light energy, which has the advantages of energy saving, environmental protection, safety, long life, low power consumption and so on. From the point of view of the industry chain, LED mainly includes upstream chip manufacturing, midstream packaging and downstream applications. The downstream LED applications are mainly divided into lighting, display, backlight, decorative, automotive lighting and other fields. LED application is an important link in the whole industry chain with high added value.

China Electric Power Association statistics, from January to last year in November, China's power generating capacity of 53701 kwh, an increase of 4.2%. The total electricity consumption 53847 kwh, an increase of 5%, the formation of carbon dioxide emissions of 6.7 tons. China's lighting electricity accounts for about 14% of the total electricity consumption. With the market penetration of LED lighting products continues to increase, the future annual electricity will reach hundreds of billions of.

In recent years, incandescent lamps are quickly eliminated, LED has become the mainstream lighting source. The data of semiconductor lighting network shows that last year China's LED lighting products in the domestic market penetration rate reached 42%, an increase of 10%, of which the output of domestic LED lighting products of about 8 billion, an increase of 33%; domestic sales of about 3 billion 800 million, an increase of 35%. At present, the largest market for LED downstream applications for the lighting field, followed by backlight applications and displays. Which displays the size of the application to maintain steady growth, especially with small spacing LED display technology continues to mature, LED display applications will gradually from the outdoor large size display gradually into the indoor application. Rapid expansion of the application of the LED display in the entire downstream application industry chain to further enhance the proportion of.

Data show that last year China's semiconductor lighting industry total output value reached 521 billion 600 million yuan, an increase of 22.8%, of which the upstream epitaxial chip size of about 18 billion 200 million yuan, an increase of 20%; the middle package reached 74 billion 800 million yuan, an increase of 21.5%; the size of the downstream application was 428 billion 600 million yuan, an increase of 23%. Last year, LED lighting output reached 204 billion yuan, an increase of 31.5%, accounting for the proportion of the overall application market of 47.6%. In addition, small spacing LED display market size of 54 billion 800 million yuan, an increase of 29%, accounting for the overall application market of 12.8%. LEDinsides expects small spacing LED consumption will be 46% years of compound growth rate, by 2021 will consume up to 189 billion 800 million particles.

With foreign LED companies last year to adjust the strategy, shutting down the product line, overcapacity can be alleviated, the local LED companies through overseas mergers and acquisitions, broaden the coverage and technical strength. Agency believes that in the experience of industry consolidation, production clearance, LED industry in the supply and demand driven by the improvement, the price trend will continue, the industry is expected to gradually improve the pattern.

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