The door of domestic LED lighting market will completely open
time：2017-07-29 11:15:00 browse：4829次
At present, under the drive of the idea of global energy saving and environmental protection, the new light source represented by LED is bringing about a great change in the lighting industry. As a new type of lighting source, LED not only brings new choice to lighting market, but also opens a new field of lighting application. Is this new technology driven innovation lighting products under constantly upgrading, from incandescent lamps to energy-saving lamps, halogen lamps and LED lamps, lighting products in the implementation of energy saving upgrade at the same time, but also get better promotion in comfort, the lighting effect is more diversified.
LED lighting market will completely open the door
In January 1, 2014, the United States announced that it would no longer produce and sell 60 watt and 40 watt incandescent lamps. At the same time, Canada also officially banned 75 watt and 100 watt incandescent lamps. The European Union banned the sale of incandescent lamps in 2012. Back to China, LED lamp prices continued to fall, has basically dropped to the threshold of civil, coupled with national policy support, LED lighting will accelerate the replacement of traditional lighting. LED is expected after the rear projection market, Mei Kai two degrees.
"The current market demand for LED lighting increased significantly, feeling more clear, 2014 is expected to be the year of the outbreak, in 2013 on the base, optimistic is expected to have more than two times growth, cautious is expected to double."." One executive said.
This estimate is not without foundation: on the one hand, the domestic LED lighting market starts. In 2012, the penetration rate of LED lighting was less than 3%, while in 2013, the penetration rate increased to 6%. The industry has entered a period of rapid growth after the introduction period. On the other hand, the overseas market has also given Chinese enterprises opportunities. General Administration of Customs estimates that the fourth quarter of 2013, LED lighting products export growth in the same period more than 80%. 2014, the global commercial and civilian lighting market will exceed 100 billion for the first time, 2015 is expected to reach 160 billion yuan, the next two years of compound growth of about 60%.
In this regard, UBS Securities analyst Chen Li believes that, compared with other growth industries, the current LED sector valuation is still relatively reasonable, the benchmark PE in 2014 is only 24 times, far below other growth stocks. The LED industry has performance support, is expected to grow in 2014 between 30%-50%, and is expected to achieve high growth in the first quarter. Once the future performance confirms the upward trend of the industry boom, will bring significant excess returns.
Overseas home lighting market growth is expected
Currently, LED penetration in the global market is rapidly rising. According to the estimated global market research agency, 2014 LED lighting market value of $35 billion 300 million, compared with 2013 growth of 47.8%, 2014 LED lighting penetration rate will be increased to 32.7%, of which the most widely used lamp bulb and a penetration rate of 20% and 15% respectively.
In the past, in the LED lighting market, due to higher prices, the penetration rate of the civil market has been low. With the promotion of LED lighting technology and the continuous decline in prices, governments around the world have issued a ban on incandescent lamps and other favorable policies, the high-profile civil market began to really open the door to greet the arrival of the LED era. According to foreign UBS Securities pointed out that in 2014 the global LED lighting demand will increase by 6, of which the growth of domestic lighting is the largest, next year will be a substantial increase of 9, far higher than 37% of commercial and industrial use of 57%. The forecast will boost LED demand growth by 25% next year.
