LED industry expected to achieve 200 growth in 2014

by:ALLTOP      2020-01-26
In 2014, the door of LED lighting market will be completely opened. In January 1, 2014, the United States announced that it would no longer produce and sell 60-watt and 40-watt incandescent lamps; At the same time, Canada has officially banned 75-watt and 100-watt incandescent lamps. The EU completely banned the sale of incandescent lamps in 2012. Back in China, the price of LED lamps has continued to fall and has basically dropped to the threshold for civilian use. With the support of national policies, LED lighting will accelerate the replacement of traditional lighting. LED is expected to win twice after the rear projection market. At present, the market's expectation of a large increase in LED lighting demand is more clear. 2014 is expected to be the year of the outbreak. On the base of 2013, optimism is expected to grow more than twice and cautious is expected to double. An executive from a domestic LED chip manufacturer told reporters. This estimate is not without basis. On the one hand, it is the start of the domestic LED lighting market. In 2012, the penetration rate of LED lighting was less than 3, while in 2013, the penetration rate increased to 6, and the industry has entered a period of rapid growth after the introduction period. On the other hand, overseas markets also give Chinese enterprises opportunities. The General Administration of Customs estimates that the export growth rate of LED lighting products in the fourth quarter of 2013 will be above 80 year on year. The scale of commercial and civil lighting market will exceed 160 billion yuan for the first time in 2014, and is expected to reach yuan in 2015, with a compound growth rate of about in the next two years. Our company is very optimistic about the general trend of the recovery of the LED lighting market and is ready for the upcoming outbreak on the demand side. Sanan photoelectric board secretary Wang Qing said. Capital Markets are also optimistic about this long-term trend. UBS Securities analyst Chen Li believes that compared with other growth industries, the current LED sector valuation is still relatively reasonable, with PE for 2014 only 24 times, far lower than other growth stocks. The LED industry has performance support and is expected to grow at 30-in 2014- 50, and is expected to achieve high growth in the first quarter. In the future, once the performance confirms the upward trend of the industry, it will bring significant excess returns.
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