At present, driven by the concept of global energy conservation and environmental protection, the new light source illumination represented by LED is causing a huge change in the lighting industry. As a new type of illumination source, LED has brought new choices to the lighting market and opened up new areas of lighting applications. This new light source lighting product is being continuously upgraded and driven by innovative technology. From incandescent lamps to energy-saving lamps, halogen lamps to LED lamps, lighting products are better at improving the comfort level while achieving energy-saving upgrades. Lighting effects are also more diverse.
LED lighting market opens the door to gold On January 1, 2014, the United States announced that it will 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 to China, the price of LED lights has continued to fall, and has basically fallen to the threshold of civilian use. With the support of national policies, LED lighting will accelerate the replacement of traditional lighting. LED is expected to open twice after the market.
At present, the demand for LED lighting is expected to increase more clearly. The year 2014 is expected to be an outbreak. In the base of 2013, optimism is expected to have more than doubled growth, and the cautious expectation is also doubled. An executive of a domestic LED chip manufacturer said.
This estimate is not without basis: on the one hand, the launch of the domestic LED lighting market. In 2012, the penetration rate of LED lighting was less than 3, and in 2013, the penetration rate increased to 6, and the industry has entered a period of rapid growth through the introduction period; on the other hand, the overseas market has also given 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%. In 2014, the scale of the global commercial and residential lighting market will exceed 100 billion for the first time. In 2015, it is expected to reach 160 billion yuan, and the compound growth rate in the next two years will be around 60.
Our company is very optimistic about the general trend of the LED lighting market to pick up, and has prepared for the upcoming outbreak of demand. Wang An, the director of Sanan Optoelectronics, said.
In this regard, compared with other growth industries, the current LED sector valuation is still relatively reasonable, benchmarking PE in 2014 is only 24 times, far lower than other growth stocks. The LED industry has performance support and is expected to grow by 30-50 in 2014, and is expected to achieve high growth in the first quarter. In the future, once the performance confirms the industry's upward trend, it will bring significant excess returns.
The growth of the overseas home lighting market is now available, and LED penetration is rapidly increasing in the global market. According to estimates by global market research institutions, the LED lighting market has a value of 35.3 billion U.S. dollars in 2014, which is 47.8 more than in 2013. In 2014, the LED lighting penetration rate will also increase to 32.7. The most widely used bulbs and lamp penetration rates are respectively. Up to 20 and 15.
In the past, in the LED lighting market, the penetration rate of the civilian market has been low due to higher prices. With the improvement of LED lighting technology and the continuous decline of prices, governments have successively issued favorable policies such as the ban on incandescent lamps, and the highly anticipated civilian market has begun to open its doors to welcome the arrival of the LED era. According to foreign-funded UBS Securities, global LED lighting demand will increase by 60% in 2014, among which household lighting will grow the most, and will increase by 90% next year, much higher than commercial 37 and industrial use. 57. Estimated will drive LED chip demand will grow by 25.
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