According to the report of the latest global LED industry issued by foreign capital Goldman Sachs, the price reduction of LED lighting products drives the growth of LED lighting market. The growth of general lighting demand in 2013 and 2014 is 70 and 40 respectively. For the original expected LED lighting penetration rate will be 2020. The view of reaching 70 in the year has not changed, but the rate of increase in lighting demand in the next few years is expected to be faster than expected.
In terms of the global LED market, Goldman Sachs Securities revised the LED demand forecast from 2013 to 2014. The reason is due to the impact of the LED backlight market. The backlight of mobile phones and monitors accounts for 55-60 of the total LED demand, and is backlit by mobile phones and TVs. Application penetration has become saturated, and TV backlights tend to grow moderately. It is expected to continue into 2014. Goldman Sachs estimates that mobile phone and display backlight demand will only grow at 4 in 2014, lower than originally expected. .
Compared with the conservative view on the backlight market, Goldman Sachs is watching the growth of the LED lighting market. The decline in the cost of LED lighting products is a factor that drives the overall lighting market to grow better than expected. In terms of commercial lighting, the past cost recovery period is long. In 8-10 years, it has now fallen to 4-5 years. Goldman Sachs is optimistic that LED lighting demand growth will be faster than expected in the next few years. Based on the situation in 2013 and 2014, LED general lighting is estimated. The demand will have a growth performance of 70 and 40 respectively, and the view that Goldman Sachs Securities' original LED lighting penetration rate will reach 70 in 2020 has not changed.
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