China's LED industry is optimistic about the structural adjustment of the industry
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Under the dual effect of price decline and policy stimulus, LED general lighting gradually started. We believe that under the spur of the price drop and policy stimulus, LED general lighting has signs of gradual start-up. According to the UBS global lighting market forecast, the overall growth rate of the lighting market in 2013-2015 was 36, 37 and 38 respectively, of which the demand for residential LED lighting market increased by 157, 90 and 62 respectively. Due to new entrants, the competition is more intense. . In the LED lighting segment, we are optimistic about the technical advantages of indoor lighting, and the channel advantage for the consumer market.
The supply and demand of LED chips are in the best condition after 2010. We are optimistic about the domestic scale and technological advantages. The enterprises are affected by the demand recovery and the limited supply in the past two years. We believe that the current supply and demand of LED chips are at their best after 2010. LED chip technology represented by luminous efficiency is still making progress. Only companies with a certain scale can continue to invest and attract talents to join. Domestic enterprises still have cost advantages, so we are optimistic about domestic scale and technical advantages. Chip business.
LED backlight packaged devices have a tendency to shift to domestic production capacity. The downstream customers of backlight LED devices are relatively concentrated. The supply chain requirements and management are also more stringent, and the package structure is relatively standardized. The conditions for growth of the company in this link are most favorable. At the same time, under the trend of Open-cell, the trend of LED backlight packaging devices shifting to domestic production capacity is obvious.