LED lighting blooms, not afraid of late, gradually entering the peak

LED lighting is not afraid to bloom late, and will really start in 2014, entering a period of 2-A 3-year high-speed upward cycle. According to a recent report by BOC International Securities, demand is mainly driven by the decline in product prices. The profitability of chip manufacturers will be well maintained in 2014. The growth of downstream light source and lamp manufacturers mainly comes from the growth of demand, and the Middle package changes greatly, the main factors leading to this change are technological changes and upstream and downstream squeezing. The integration of LED industry, especially the upstream and midstream, will be further accelerated, while the downstream light source and lamp market may present a diversified pattern. Changes in channels and modes have become new elements in the growth of LED lighting industry. Both e-commerce and other modes are likely to become ways for terminal manufacturers to break the traditional solidified lighting channels. The LED lighting industry will begin a new high-speed growth cycle in 2014. The main factor driving the growth of lighting is the decline in prices. The bulb Price observed by LEDinside shows that the price of terminal lighting bulbs has fallen by more than 20 in the past 12 months. According to Channel Research, 3. 5 W- 5W bulb lamps are very close to more than 10 W energy-saving lamps in the Chinese market. LEDinside predicts that the output value of LED lighting will reach 17. 8 billion US dollars in 2014, and the overall shipment volume of LED lighting products will reach 13. 0. 2 billion, an increase of 68. The chip integration process will continue, and the supply and demand situation will benefit the profitability of chip manufacturers. 2014- The year 2015 may be a good time for chip manufacturers to grow. The cruel competition in the past few years has greatly reduced the number of chip manufacturers in mainland China. From the scale, San'an Optoelectronics, Dehao Runda, Huacan optoelectronics, and Tongfang Semiconductor have already stabilized the Echelon. Due to factors such as capital investment capacity and technical level, the integration of chip manufacturers will be further accelerated to form a pyramid structure. In 2014, the supply and demand structure of chips tends to be tightly balanced, which is beneficial to the profit margin of chip manufacturers as a whole. The structure of light source and lamp manufacturers will present diversified characteristics. The price decline of my terminal products will continue. On the one hand, the manufacturers of light source and lamps will transmit the cost pressure to the packaging manufacturers; On the other hand, in the aspect of product scheme design, the pressure of profit margin brought by price decline will be further improved to a certain extent. The packaging vendor variable is large. Due to the decline in product prices and the short industrial chain, the profit margin of packaging manufacturers is easily squeezed by the upstream and downstream. Looking for an extension of the industrial chain and a new breakthrough in growth has become a 2014-The top priority of 2015 packaging manufacturers. Extensive expansion such as mergers and acquisitions and integration will also become frequent in this field. The attributes of electronic manufacturing industry in LED industry are getting stronger. The electronic manufacturing industry of LED lighting industry is getting stronger and stronger. On the one hand, the progress of technology pushes the cost of chip to downstream terminal industry to decrease continuously; On the other hand, with the enlargement of market demand, the effectiveness of capital investment, cost control ability and management ability play an increasingly important role in market competition. Traditional semiconductor manufacturers should not only compete with traditional lighting manufacturers in terms of channels, but also pay more and more attention to the cost advantages and process control advantages of traditional lighting manufacturers in production and manufacturing. Capital expenditure capacity supports long-term growth of listed companies. As an electronic manufacturing industry, LED lighting industry's capital strength is an important guarantee for expansion. Listed companies have greater advantages in financing and capital expenditures.