What is the development prospect of led industry

Since LED has the energy saving, environmental protection, display good, long life, wide range of applications and other characteristics, although in the early market cultivation in the price compared to the traditional incandescent lamp to be high, but the government through policy support, all kinds of municipal engineering lighting projects to support the development of the industry, from the long-term trend, LED replacement of incandescent lamps, fluorescent lamps to become the mainstream of the lighting products is an inevitable trend.

The Prospect Industry Research Institute predicts that the annual growth rate of China's LED industry sales revenue in 2013-2017 will remain at more than 10%, and the industry's sales revenue in 2017 is expected to reach 515.996 billion yuan.

The sizable market scale and prospects have attracted a large number of enterprises to enter the LED market in recent years. As of the end of 2011, there were about 4,000 downstream LED industry chain enterprises, 1,200 midstream enterprises, plus materials and equipment and other upstream enterprises, there are at least 6,000 or more LED enterprises in the country.

According to the data monitored by the prospective network database, in 2012, China's LED scale above (sales revenue of more than 20 million yuan) enterprises only 621. In recent years, China's LED enterprise number growth is extremely rapid, but more than 90% for small and medium-sized enterprises, in the "small scattered" state. These years, a large number of hot money influx, let the whole industry unprecedented prosperity, but also hidden excess risk. Through the shuffling and reorganization of the industry development order has been very high. In fact, the industry reshuffle reorganization is also quietly, since 2011, there have been LED enterprise closure events, forward-looking network that the future probability of industry reshuffle will reach 25-30% or higher.

Foresight network released the "China LED industry market outlook and investment strategy planning analysis report" shows that there are more than 1,200 LED packaging enterprises, while the number of enterprises to launch various types of LED applications of new products is less than 550; LED street lamps more than 300 companies, the product is basically in the stage of copying and imitating each other. Homogenized competition caused by the price war smoke, the lack of benchmarking brand, enterprise scale is difficult to grow, the industry lacks credibility. Therefore, cultivate leading enterprises, accelerate the construction of independent brand has become the LED industry imminent task.

Overall, the LED industry outlook is very good, the market size is also very large, LED is currently the lack of leading industry, accelerate brand building is conducive to enterprises to occupy a larger market share.

I hope my answer can help you.