LED will resume market growth in the fourth quarter

The demand for LEDs in the lighting application market has gradually matured. Zhou Xuejun, Asia Marketing Director of Philips LumiLEDs pointed out that with the improvement of LED light efficiency and price decline, it will reach a sweet spot, the market will grow rapidly, and the first doubtful prospects, especially China, will In the fourth quarter, it will continue to grow in the first half of next year.

Zhou Xuejun said that the LED lighting market is mainly driven by replacement demand. Currently, the penetration rate of the street light market in the mainland is about 20%, while that of restaurants and hotels is 15%, and that of the office is less than 10%. Because the suppression of corruption led to the suspension of many public projects, it also made LED growth somewhat sluggish.

Mainland holiday has pulled goods ahead of schedule

TrendFone's LEDinside senior analyst Wang Fei pointed out that before the mainland to carry out inventory adjustment, in July and August there is indeed a low fan, with the arrival of the fourth season lighting season, plus international brand customers to pull the goods ahead of next year's Spring Festival holiday, let LED The market began to recover from October. It is estimated that the output value of China's LED output this year will increase by 60% from the previous year, and the output value will grow by 30%. The market condition next year will be comparable to this year. However, due to the high base period this year, the growth rate will not exceed the next year. this year.

Zhou Xuejun also said that with the streetlights starting from the fourth quarter, led by commercial and indoor lighting, demand has begun to warm, and will return in the first half of next year, including the lighting market is the main reason for the growth of mainland LED demand. He pointed out that the entire lighting market from the second half of last year, with the price of LED light bulb products continue to decline, the performance is upward, estimated to reach the sweet spot of consumers in the next year, the replacement effect will be further improved .

The growth of lighting is still the largest

Zhou Xuejun stated that LED applications from 2014 to 2018 still have the greatest kinetic energy for lighting growth. It is estimated that the compound annual growth rate of relevant output value is still as high as 19%, followed by 9% of automotive lighting, and Flash LED for camera applications is also 4% The annual composite growth rate. At present, the largest panel backlight application is applied because the penetration rate is already close to 100%. In the future, it will face a recession pressure and the annual compound growth rate will be -5%.

Although various companies actively invest in the layout of the automotive market, they mainly focus on medium- and low-power vehicles. High-power LED lights are used for headlights. This part has a higher barrier to entry, so it is still OSRAM, Philips and Nichia. Carve up the market.

The cross-strait LED manufacturers actively rushed into the lighting application market. As the lighting market grew, the market share of the two sides of the strait increased significantly. Judging from the statistics in 2013, Japan still holds the ears of the LED industry. Its market share is as high as 27%, South Korea is maintained at 27%, Taiwan and the mainland are respectively increased to 16% and 10%, and the United States has a market share of about 13%. In Europe, it is 8%. Zhou Xuejun is optimistic about the status of Taiwanese LED manufacturers in the global market. Taiwanese plants are leading in the medium-power market and are working hard on high-power products.