LED can only survive if it accelerates innovation

Chinese Premier Li Keqiang said at the World Economic Forum held in Tianjin that China will increase scientific and technological innovation and upgrade industrial technology, quality and brand level. These words show that the Chinese government will continue to attach importance to technological innovation. Now, China's R & D spending has reached about 42 in the United States. Our research on Chinese Enterprise Innovation shows that at least eight types of innovation have emerged. So far, China's success is more based on non-technical innovation. Some emerging technologies and trends will change consumer behavior and force companies to either adapt or die. Analysts compare these innovative technologies to an earth-shaking change that will allow Polaroid to have a decline in imaging cameras and a rise in Wal-Mart. Goldman Sachs analysts call it the eight industries of creative destruction. Creative destruction means that these enterprises are large enough and destructive enough to rebuild the industry and attract more and more investors. The eight creative destruction industries are electronic cigarettes, cancer immunotherapy, reinsurance industry, natural gas engine technology, Internet software, 3D printing, big data, and LED lights. For the LED lamp industry, according to the statistics of the number of LED street lamps installed by industry organizations in 2014, the current number of street lamps installed is about 0. 2 billion, of which 65 million are in Europe, accounting for more than. there are about 44 million in the United States, accounting for more than more than 4 million, 33 million in Japan and in China, accounting for more than. In recent years, China's LED street lamp market penetration rate (Number of installations) In the continuous improvement, it exceeded 7 in 2011 and reached 11 in. In 14 billion, the market penetration rate of LED street lamps was about 19, and the market size was about yuan. According to preliminary estimates, the market size of LED street lamps in China will be about 23 billion yuan by 2015. By then, the overall market penetration rate of China's LED road lighting products will exceed 45, with huge market space. Goldman Sachs analyst Brian. Li (BrianLee)Optimistic about the development prospects of LED lights. LED has undergone several changes so far, from mobile phones in the 2000 s to TV sets, and is now developing into a common lighting field. Li said that this is an era of diversification, which can make those economic and energy-saving products show their talents.