LED output value is expected to reach 320 billion

Recently, the reporter learned that the 10th Guangzhou International LED Exhibition (LED CHINA 2014) will be held on February 23-26 at the Guangzhou Pazhou China Import and Export Fair Complex. Exhibitors are optimistic about the LED industry's growth momentum this year.

According to industry analysts, three to four years from this year will trigger the LED cycle of the general lighting market opportunities, and in 2014 the global LED lighting market demand will increase by more than 18%. Among them, it is estimated that in 2014 China's domestic LED industry's total output value will exceed 320 billion yuan, an increase of more than 20% from last year. The output value of the application area accounts for about 70%. The main reason for the increase was the benefit from the use of incandescent lamps, which are being banned in many countries and regions around the world such as China, the United States, Canada, and the European Union. At the same time, they actively promoted the use of more energy-efficient LED bulbs to the market. Many industry analysts believe that since last year, the price of LED lighting products continued to decline, but also directly led to the demand for LED bulbs continued to rise.