LED performance exceeds expectations, the third light source explodes

LED performance exceeded expectations. The third light source explosion detonated. When it comes to LEDs, many people's reactions are the display screens and TVs, and the industry is overcapacity. But a closer look at the industry, the current situation is shocking. The United States will phase out incandescent lamps from January 1st this year and encourage the use of energy-saving compact fluorescent lamps, LED lamps and other light bulbs with higher energy efficiency. Led lighting is the third light source after incandescent lamps and fluorescent lamps**. In the future, LEDs are likely to replace fluorescent lamps and become the main lighting tool. Experts predict that in the coming year, the compound growth rate of LED lighting demand will reach %—%. The annual global LED market scale is 100 million U.S. dollars, and it will reach about 100 million U.S. dollars annually, with a compound growth rate of .%. At present, the U.S., Japan, and the European Union have taken the lead, and China, Taiwan, and South Korea have developed rapidly. According to LEDinside's forecast, my country's LED general lighting market will reach 100 million U.S. dollars by the year. As the economy continues to grow and the LED penetration rate increases, it will reach 100 million U.S. dollars by the year. There is indeed a problem of overcapacity, but with the continuous improvement of industrial concentration, mergers and acquisitions and reorganizations are intensified, product costs are falling and lighting demand is increasing, the industry is ushering in an inflection point.