LED lighting market will turn around in 14 years

LED lighting is a new cutting-edge product in the field of modern lighting. Compared with traditional lighting, it has the characteristics of long lifespan, energy saving, and especially outstanding energy-saving performance. It is in line with the social development theme and the industrial market is expected to further expand.

Looking back on the development of the LED industry in 2013, it can be said that the rainbow and the haze are accompanied by beautiful scenery and thorns. After 3 years of cold winter, we are looking forward to the advent of the LED lighting era. However, the manufacturers have not yet been able to earn enough money to grow up. The growth performance of the LED lighting market in 2014 is promising, and the pattern of industry reshuffling and the strong and strong will continue.

According to industry data, the LED lighting market has started to grow rapidly in the second half of this year and is expected to continue its rapid growth for five years. As for the healthy development of the LED industry, the profits of the current downstream brand owners are relatively better; due to the over-investment in the previous period, the upstream supply exceeds demand. In addition, during the three years from 2010 to 2013, the average annual decline in the price of LED lighting products exceeded 20%. In 2012, China's LED indoor lighting output value reached more than 300 billion yuan. In 2013, the market size will reach 63 billion yuan.

China's LED lighting in the era of low prices is expected to expand industry scale analyst Wang Fei believes that the most important trend of the LED lighting market in 2014 is that the lighting industry will shift from the competition of brand economies of scale to the economies of scale of manufacturing plus the economies of scale of the brand. Competition, which makes the LED lighting era of industrial concentration will be higher than traditional lighting.

Among them, the Chinese market's domestic market shipments are concentrated in the commercial lighting area, and alternative light sources and downlights have gradually become mainstream shipments. From the perspective of export data, the growth rate of export of LED lighting products is accelerating, and the export performance in the fourth quarter is not weak during the off-season.

At the same time, the National Development and Reform Commission (NDRC) has previously issued the “Circular on Enhancing Work to Ensure Implementation of the 2013 Energy Conservation and Emission Reduction Targets and Tasks.” The NDRC, the Ministry of Finance, and the Ministry of Housing and Urban-Rural Development are jointly responsible for promoting the implementation of the green lighting project and continuing to implement energy-saving products. In the future, the financial subsidies for green lighting will shift from fluorescent lamps to highly efficient lighting products such as LEDs.

Experts expect that with the withdrawal of state subsidies and the increase in LED lighting market demand, the LED chip industry will improve in 2014. The entire market is expected to usher in a turnaround in the second half of next year. In the meantime, the survival of the industry and the best of the best.