The door of domestic LED lighting market will completely open

Currently in driving the global energy saving and environmental protection concept, new lighting source represented by LED is causing a huge change in lighting industry. As a new type of lighting source, LED not only brings a new choice for the lighting market, but also opens up a new field of lighting applications. Is this new technology driven innovation lighting products under constantly upgrading, from incandescent lamps to energy-saving lamps, halogen lamps and LED lamps, lighting products in the implementation of energy saving upgrade at the same time, but also get better promotion in comfort, the lighting effect is more diversified. The gate LED lighting market will completely open in January 1, 2014, the United States announced the incandescent lamp no longer the production and sale of 60 watts and 40 watts; at the same time, Canada officially disabled 75 watt and 100 watt incandescent lamp. The European Union in 2012 banned the sale of incandescent lamps. Back to China, the price of LED lights continued to fall, has been basically reduced to the threshold of civil, coupled with the support of national policy, LED lighting will accelerate the replacement of traditional lighting. LED is expected to follow the rear projection market, Mei opened two degrees. "Current demand for LED lighting market is expected to increase the feeling is more clear, 2014 is the year of the outbreak in 2013, the base, is expected to be two times more optimistic growth, is expected to have a double cautious." A domestic LED chip manufacturers executives said. This estimate is not without basis: one is the domestic LED lighting market started. 2012, LED lighting penetration rate is less than 3%, while in 2013, the penetration rate increased to 6%, the industry has entered a period of rapid growth in the import period, on the other hand, the overseas market has also given the opportunity for Chinese enterprises. General Administration of Customs estimates in the fourth quarter of 2013, LED lighting products export growth of more than 80%. 2014 the size of the global commercial and civilian lighting market will be the first breakthrough billion, is expected to reach 160 billion yuan in 2015, the next two years, the compound growth rate of about 60%. The trend of "our company is very optimistic about the LED lighting market, has been the outbreak of the demand side ready." An optoelectronic secretaries Wang Qing said. This, UBS Securities analyst Chen Li believes that compared with other growth industries, the LED sector valuation is still relatively reasonable, the standard of PE in 2014 was only 24 times, far lower than other growth stocks. The LED industry has performance support, is expected to grow in 2014 between 30%-50%, and is expected to achieve high growth in the first quarter. Once the performance of the industry in the future confirmed the upward trend of the industry, will bring significant excess returns. Overseas Home Furnishing lighting market growth can be expected current, LED penetration in global market is rapidly improving. According to the estimated global market research agency, 2014 LED lighting market value of $35 billion 300 million, compared with 2013 growth of 47.8%, 2014 LED lighting penetration rate will be increased to 32.7%, of which the most widely used lamp bulb and a penetration rate of 20% and 15% respectively. In the past, LED lighting market, because the price is higher, the civilian market penetration rate has been low. With the promotion of LED lighting technology and prices continue to decline, governments have issued a ban on incandescent lamps and other favorable policies, high-profile civil market began to really open the door to greet the arrival of the era of LED. According to foreign UBS Securities pointed out that in 2014 the global demand for LED lighting will be greatly increased by 6, of which the largest growth in household lighting, next year will be greatly increased by 9, much higher than the commercial use of the industry and 37% of the 57%. Expected to drive next year LED chip demand growth of 25%.