LED lighting output expansion in 2013

The output value of LED lighting market will accelerate to expand in 2013. With the low retail price of LED bulbs replacing 40-watt incandescent lamps reaching 10 US dollars, the industry is optimistic that the overall output value of LED lighting market will rise significantly next year, the relevant supply chain manufacturers have the opportunity to get involved. Although the price reduction of LED bulbs is conducive to the accelerated expansion of the market, it has also reduced the gross profit of relevant supply chain operators, so how to compete for more orders to expand revenue growth, it has become the focus of the industry's breakthrough. In the first half of 2012, the progress of LED street lamp bidding in mainland China was not as good as expected, mainly due to the undecided subsidy policy and the impact of the European debt crisis on demand, which caused Taiwan's LED lighting manufacturers, which were mainly exported, to be hit hard. With the settlement of the mainland Chinese government's supplementary labeling case and the recent successful political succession, it is expected that the business opportunity in the LED lighting market in 2013 is expected to reach 4 billion yuan.