LED industry will usher in explosive growth in the next 3 years

The LED industry will usher in explosive growth in the next three years. Yesterday, at the 2013 LED Lighting R&D and Industry Alliance Conference in Chongqing, Wu Changjiang, President of NVC Lighting Holdings Co., Ltd. said. For the future of the LED industry, many industry participants believe that as the technology matures, the price of LED lighting products will become more and more grounded, and the industry will usher in structural opportunities. For LED lighting companies, 2013 is both a year of opportunity and a year of non-year. Under the homogenization competition, many well-known LED lighting companies such as Shenzhen Yiguang and Keli Optoelectronics have closed down; at the same time, the explosive market growth has caused some LED lighting companies to earn a lot of money. At present, LED technology is becoming more and more mature. The life of LED lighting is generally around 20,000 to 30,000 hours. Its price is gradually approaching that of traditional lighting products. The acceptance of consumers is getting higher and higher. The LED lighting industry is recovering significantly. Wang Shuxue, deputy general manager of Chongqing Tianyang Jieneng Technology Co., Ltd., told the Commercial Daily that in order to cope with the explosive growth of the market, the company has invested 10 million yuan to purchase new equipment, and will expand its production capacity by 200 in the next year. Another well-known LED lighting production company Chongqing Bangqiao Technology Co., Ltd. sales person in charge to the business newspaper reporter, last year, the company's sales in medical lighting has increased significantly, the company will further develop medical lighting in the future. At present, there are more than 20 LED lighting enterprises in Chongqing with a certain scale, and the industry growth rate is 10-20, which is higher than the national average. Yesterday, Chen Weimin, deputy secretary-general of the National LED Lighting R&D and Industry Alliance and secretary general of the Chongqing LED Lighting R&D and Industry Alliance, told the reporter. The next three years will be the outbreak of LED lighting, especially the energy-saving replacement will be a big market. Wu Changjiang, president of NVC Lighting, said at the annual meeting yesterday that in 2013, NVC Lighting’s LED sales exceeded 1 billion yuan. By 2015, NVC lighting LED lighting products will account for 50% of the company's total sales. Wu Changjiang told the Business Daily reporter. The rapid development of the news has led to the reshuffle. Enterprises should create a regional brand Zheshang Securities recently reported that the LED lighting industry entered a sharp rise in penetration in 2014, so optimistic about the growth of the LED industry. Problems such as price wars and low gross profit still plague the industry. It is foreseeable that the outbreak of the LED lighting market will inevitably lead to the reshuffle of the industry. Chen Weimin believes. This year is destined to be the industry reshuffle year. Wang Shuxue said. In the face of competitive shocks, Chongqing LED lighting companies must prepare for the development of the group, build regional brands, jointly strengthen technological innovation and enhance the ability to resist risks. Chen Weimin said. Wu Changjiang believes that the current opportunities are also challenges, requiring enterprises to prepare from the aspects of funds, teams, and industrial chains. The relevant person in charge of the Chongqing Municipal Science and Technology Commission also said at the annual meeting that the Science and Technology Commission currently has a number of support projects involving the LED lighting industry, covering technological innovation, high-tech enterprise declarations, talents and other aspects, and supporting funds from hundreds of thousands to Several tens of millions of dollars. Chen Weimin, deputy secretary general of the National LED Lighting R&D and Industry Alliance: At present, there are more than 20 LED lighting enterprises in Chongqing with a certain scale, and the industry growth rate is 10-20, which is higher than the national average. Wu Changjiang, president of NVC Lighting Holdings Co., Ltd.: The next three years will be the outbreak of LED lighting, especially energy-saving replacement will be a big market.

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