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LED is known as the fourth generation of lighting technology. After the growth of signal and display applications based on 2010 and the growth of applications based on backlight applications from 2010 to 2013, in 2013, General Lighting will become the main force in the LED industry. According to industry research institutes, the scale of China's LED lighting market will reach RMB 32.4 billion in 2013, with an annual growth rate of 36. In particular, the home lighting market has jumped to the application market next to commercial lighting.
China National Semiconductor Lighting Engineering R&D and Industry Alliance (CSA) also said that in 2012, China's domestic LED industry was fiercely competitive, which was a year of rapid price decline. Starting in 2012, in the next three to five years, China's LED lighting industry is expected to usher in a golden period of rapid growth.
Regarding the scale of China's LED lighting market, the China Taiwan Research Corporation pointed out that in 2012, the Chinese government adopted a series of policy measures to stimulate the domestic demand of LED lighting, and has begun to drive China's LED general lighting market. By 2015, China's LED lighting demand is expected to reach 10 billion US dollars. By 2020, China's household LED lighting demand is expected to expand to 22 billion US dollars.
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Companies that develop LED business in China are also full of confidence in the development of the LED lighting market. Taiwan's LED company Jingyuan Optoelectronics believes that by 2015, LED lighting will account for about 50% of the lighting market, and the price of products will reach the level that ordinary consumers can afford. Zhejiang Shenghui Lighting said that the price of LED lighting can be accepted by the Chinese market as long as it is reduced to 1.5 times that of fluorescent lamps. This price can be realized during 2015-2016.
European, American, Japanese, and Korean companies that specialize in market segments have participated in Chinese projects. For them, the Chinese market in the detonation period must not be missed.
At the 10th China International Semiconductor Lighting Forum (CHINASSL2013), LED industry giants gathered here, AIXTRAN President and CEOMartinGoetzeler, Samsung LEDCEONamseongcho, CREE Strategy and Business Development Vice President ChrisJames, Philips Senior Vice President China R&D Director Dr.klaasVegter Etc., they all expressed their pursuit and efforts in the Chinese LED market, and expressed their wisdom and insights on the future potential of the LED market and how to tap new markets.