LED lighting will meet explosive growth

For LED lighting companies, 2013 is both a year of opportunity and a year of non-year. In the homogenization competition, many well-known LED lighting companies such as Shenzhen Yiguang and Chili Optoelectronics have closed down; at the same time, explosive market growth has made some LED lighting companies earn pours.

"At present, LED technology is becoming more and more mature. The lifespan of LED lighting lamps is generally around 20,000 to 30,000 hours. Its price is gradually approaching that of traditional lighting products. Consumer acceptance is getting higher and higher. The LED lighting industry is currently recovering significantly." Wang Shuxue, deputy general manager of Tianyang JiNeng Technology Co., Ltd., told Business 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 increase production capacity by 200% in the coming year.

Another well-known LED lighting manufacturer, Chongqing Bangqiao Technology Co., Ltd. Sales Manager told the China Daily News reporter that last year the company’s sales in the area of ​​medical lighting increased substantially. In the future, the company will further develop its efforts in medical lighting.

“Currently, there are more than 20 LED lighting companies in Chongqing, and the industry growth rate is 10%~20%, which is higher than the national average.” Yesterday, the Deputy Secretary-General of the National LED Lighting R&D and Industry Alliance, Chongqing LED lighting Secretary-General Chen Weimin of the R&D and Industry Alliance told the China Business Daily.

"The next three years will be the outbreak of LED lighting, especially energy-saving replacement will be a big market." NVC Lighting President Wu Changjiang said at the annual meeting yesterday, NVC Lighting sales in 2013 have exceeded 1 billion yuan . "Up to 2015, NVC lighting LED lighting products will account for 50% of the company's total sales." Wu Changjiang told the China Business Daily.

In-depth news development led to reshuffle of enterprises should create a regional brand

According to a recent research report by Zheshang Securities, the penetration rate of the LED lighting industry in 2014 has entered a period of significant increase, and it is therefore optimistic about the growth of the LED industry. "Price wars, low gross margins and other issues still plague the industry. It can be predicted that the outbreak of the LED lighting market will surely trigger the industry's reshuffle," said Chen Weimin. "This year is destined to be the industry reshuffle year." Wang Shu said.

"In the face of competition, Chongqing LED lighting companies must prepare for the development of Baotuan, build regional brands, jointly strengthen technological innovation, and enhance the ability to resist risks," said Chen Weimin. Wu Changjiang believes that the current opportunities are also challenges and require companies to prepare for funds, teams, and industrial chains. The relevant person in charge of the Chongqing Municipal Science and Technology Commission also stated at the annual meeting that at present the Science and Technology Commission has several supporting 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 Tens of millions of dollars.

According to Chen Weimin, the deputy secretary-general of the National LED Lighting R&D and Industry Alliance: “There are currently more than 20 LED lighting companies in Chongqing, and the industry’s growth rate is 10% to 20%, which is higher than the national average.”

Wu Changjiang, president of NVC Lighting Holding Co., Ltd.: “The next three years will be the outbreak of LED lighting, especially energy-saving replacement will be a big market.”