In terms of light efficiency, LED lighting has reached the standard of replacing traditional light sources. The main direction of LED lighting development should not be the technical upgrade represented by lm/w, but the cost reduction represented by $/lm.
LED lighting market scale: In 2009, the global lighting market LED lighting output value is about 2.4 billion US dollars, the penetration rate is only 3.3%. It is expected that the proportion of LED lighting in the global general lighting market will rise to 50% in 2015 and 80% in 2020. .
In the process of rapid decline in the price difference between LED lighting products and traditional lighting products, the LED lighting penetration rate will rise rapidly. We believe that the large-scale replacement of LED lighting will be launched in late 2011 and early 2012, and will be LED lighting in 2011-2012. The important investment time of the industry.
Commercial/industrial sectors will be more active in the use of energy-efficient lighting products due to the fact that commercial/industrial companies are more sensitive to the cost of electricity and the government is increasingly demanding energy conservation and emission reduction. The replacement of LED lighting products will first occur in the commercial/industrial field, and after a good demonstration, it will gradually spread to the field of household lighting.
The LED lighting industry chain extends to the production of LED lighting modules (light sources) and LED lamps, which brings about changes in the competitive landscape. The upstream enterprises go downstream, the downstream enterprises go upstream, and the pace of vertical integration accelerates.
LED packaging is the throat of the LED lighting industry chain and will usher in a development opportunity. There will be a trend toward modularization in the packaging of LED lighting. In the application of LED lighting, traditional lighting companies that cut into the LED industry chain have certain advantages in the field of LED lighting due to the accumulation of optical design. The law of channel is also applicable to LED lighting applications.
We have long been optimistic about the development of the LED industry. The next five years will be the golden period of industry development, maintaining the industry's 'recommended' rating, optimistic about high-end packaging and downstream applications. In the field of LED packaging, we are optimistic about the medium and high-end packaging, with a certain technology accumulation in high-brightness and high-power packaging, and are exploring good investment targets; in the downstream application field of LED, we are optimistic about LED lighting with a certain scale and own brand. Lighting manufacturers, scale and channel are the advantages they have won in the fierce competition in the downstream.
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