LED industry enters boom cycle

by:ALLTOP      2019-12-31
With the arrival of the light source replacement tide within the scope, the big cycle of LED lighting has started this year, and the first-quarter reports of many listed companies all show growth. The LED industry has entered a boom cycle. Various signs show that the big cycle of LED lighting will start in 2014 and the supply and demand pattern will return to the boom peak in 2010. According to the road map for China's phase-out of incandescent lamps released by the National Development and Reform Commission and other five ministries and commissions in 2011, the import and sale of general lighting incandescent lamps will be gradually banned in stages according to the power level from October 1, 2012. The specific schedule is as follows: the import and sale of 100 watts and above will be prohibited from October 1, 2012, the import and sale of 60 watts and above will be prohibited after October 1, 2014, and the import and sale of 15 watts and above will be prohibited after October 1, 2016. As a major producer of lighting products, China has supplied more than 30 incandescent lamps and 85 energy-saving lamps to the market. LED lighting products have clearly become the development direction of the next generation of new light sources. In terms of scale, domestic LED lighting was 260 billion yuan in 2013, up year on year. To 2015 LED lighting of permeability will up to 60,2018 year 80. With the rapid decline in the price of LED lighting products and the elimination of incandescent lamps, the demand for LED devices in China will usher in explosive growth. The scope also continues this trend, and experts predict that the compound growth rate of LED market will reach more than 40 in the next 7 years. Since January this year, the United States has stopped selling 40-watt and 60-watt incandescent lamps, and a wave of light source replacement has arrived. Recently, Wal-Mart announced a number of plans to purchase energy-saving LED ceiling lamps for new shopping centers in the United States, major stores in Asia and Latin America and ASDA supermarkets in the UK. Compared with previous lighting sources, the new lamps will save 40 energy consumption.
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