LED Lighting Will Usher in A Turning Point in The Development

With green, low-carbon energy growing popularity of the concept of life, energy saving products increasingly attach importance to the community, as represented by the green with LED lighting for its outstanding advantages began to penetrate traditional markets and in the lighting field set off a new revolution. According to McKinsey predicts that by 2020, global general lighting industry sales income will reach 82.505 billion euros, of which sales of LED lighting products will reach 56.928 billion euros, accounting for 69% of the entire lighting industry ,2011-2016 and 2016-2020 in Universal Lighting line sales growth is expected to be 6% and 3%, of which sales revenue CAGR of LED lighting products were up 45% and 15%.

Development of the lighting industry is mainly affected by government policies, the manufacturing costs and end-user purchase intentions and other multi-factors. Prior to 2012 the development of LED lighting industry is slow, not explosive growth, mainly due to the high degree of customization of LED lighting products, lighting products can not achieve the traditional specification standardized production, making it difficult to reduce manufacturing costs, its large-scale promotion of a certain obstacles .

2013 light cost reduction and policy-driven dual role by, LED lighting products, rapid increase in penetration, market sentiment continues to increase. On the one hand due to technological advances and mass production has brought the cost of components and application packages rapid decline, leading the LED lighting product sales prices gradually approaching the traditional lamp prices, according to the U.S. Department of Energy predicts that 2020 will be lower than the cost of LED chips in 2013 82%, LED packaging costs decreased by 78%, 60 watt grade LED chip costs will be reduced 66% decrease in cost will be one of the main reasons to promote LED lighting products, enhance penetration. On the other hand, continued investment in the development of government resources and related policies also promote the development of the market, 2012 was the peak of the world's first wave of incandescent ban, such as South Korea, Japan and other regions into a total ban on stage, in 2014 the European Union, the United States, China and other places are also expected to enter the mainstream ban incandescent stage, will again enhance the penetration of LED lighting.

Meanwhile, governments have launched incentive policies, such as the Japanese government launched LED products reward redemption plan, the Korean government introduced support for semiconductor lighting and indoor lighting promotion in road planning, Australia, Argentina, Colombia and major cities in India have opened LED lights installed project, the U.S. Energy Star program to include subsidies to LED lighting products catalog; LED lighting will be included in our areas of focus and priority themes, as of 2012, has been allocated a total of 4.175 billion yuan of financial funds to support the development of energy saving lighting industry.

In summary, with the world's major countries and regions to gradually ban the sale of incandescent and the promotion of LED lighting, lighting industry will usher in a turning point.