Subsidy policy or tilting LED lighting to usher in gold for 3 years
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China will be a major global producer of LED lighting. From the perspective of the cost structure of LED lighting products, it is mainly composed of LED light source, PCB board, driver IC, heat sink and optical lens. In addition to the driver IC, China has very strong competitiveness. In terms of core LED light sources, domestic manufacturers have traditional advantages in the field of packaging, and the chip field has been internationally competitive since 2012. Lighting China believes that in LED lighting manufacturing, Chinese manufacturers will dominate the global industry, just as Chinese manufacturers master more than 80 global energy-saving lamp manufacturing.
According to the agency's estimate, the growth rate of domestic LED indoor lighting in 2013 is 87. We believe that LED indoor lighting is in the continuous application popularization stage, and the growth rate of domestic LED indoor lighting in 2014-15 is expected to be 65 and 43 respectively.
It is expected that LED energy-saving lighting subsidies will have follow-up policies to launch the first LED lighting subsidies in China in 2012. From the situation we understand, the actual effect of subsidies in 2012 is not good, and most companies have not completed the promotion tasks. The LED lighting subsidy in 2013 has actually been delayed.
As LEDs are more environmentally friendly and economical than the energy-saving lamps, we estimate that the energy-saving lighting subsidy policy in 2014 may be tilted toward LEDs.
Industry boom: upstream recovery, stable in the middle and lower reaches In 2013, the LED industry investment hotspot has been transferred from the upstream sapphire and epitaxial chip fields to downstream applications, especially in lighting applications. According to institutional statistics, the proportion of newly-planned investment in LED application investment in the first half of 2013 was 70, of which 23.2 billion were invested in lighting applications, accounting for 63% of total planned investment. Look, industrial capital is relatively more optimistic about downstream lighting applications.
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