In 2014, the industry was known as Year of LED replacement, and also the Year of the popularity of LED lighting. From the beginning of the country ushered in a series of new policies, the formal implementation of the new standards, LED prices to continue to fall, the market is rapidly released at a needle in the arm. China's LED lighting industry scale is also growing, the domestic LED lighting market has also become a global lighting industry transformation upgrade process extremely important.
Experienced industry-wide consolidation, mergers and acquisitions, foot boom, LED industry in the fierce fighting started gathering, integration and centralized industry, and promote the continuous breakthroughs in technology, continue to reduce costs and accelerate the LED lighting market penetration. 2014, whether or upstream chip industry output, midstream package, downstream applications market growth rate is significantly higher than the 2013 level.
2014 LED industry competition, industry output was amplified in parallel with the deepening of the industry pattern. It is predicted that in 2014 the domestic LED industry output will reach 345 billion CNY, compared with 2013 output grew by 30%.
2013 LED application market reached 208.1 billion CNY, driven by policy and price, LED applications market has become the fastest growth of the whole industry chain is the largest part of the body, according to the Engineering Industry Research Institute predicted that 2014 LED application market will reach 275.7 billion CNY, an increase of 32%. In addition, advances in LED technology also allows people to discover a broader market space, new lighting LED automotive lighting, medical, agricultural, and other wearable devices effectively promote the rapid growth of the application market.
