With the LED downstream applications continue to expand and gradually increase the market penetration, with high value-added lighting, small spacing display, automotive LED and other emerging markets will bring incremental space to the industry. Due to the middle of the packaging plant to slow down the expansion and downstream applications to expand demand and other factors to promote the future LED prices are expected or will heat up.
LED is a kind of energy can be converted into light energy semiconductor devices, which has energy saving, environmental protection, safety, long life, low power consumption and other advantages. From the industry chain, LED mainly includes upstream chip manufacturing, midstream packaging and downstream applications. The downstream LED applications are mainly divided into lighting, display, backlight, decoration, automotive lighting and other fields. LED application is an important part of the whole industry chain with high added value.
China Electric Power Enterprise Federation statistics, from January to November last year, China's generating capacity of 5370.1 billion kwh, an increase of 4.2%. The total electricity consumption of 538.47 billion kwh, an increase of 5%, the formation of carbon dioxide emissions of 670 million tons. China's lighting electricity accounts for about 14% of the total electricity consumption. With the LED lighting products market penetration continues to improve, the future energy savings will reach 100 billion degrees.
In recent years, incandescent lamps have been quickly eliminated, LED has become the mainstream lighting source. Semiconductor lighting network data show that China's LED lighting products last year, the domestic market penetration rate reached 42%, an increase of 10%, of which domestic LED lighting products output of about 8 billion, an increase of 33%; domestic products of about 3.8 billion, an increase of 35 %. LED downstream applications in the current market for the largest area of lighting, followed by backlight applications and display. Which display the application scale to maintain a steady growth trend, especially with the small pitch LED display technology continues to mature, LED display applications will gradually from the outdoor large size display gradually into the indoor application. Application of the rapid expansion of the LED display in the downstream application of the industry chain to further increase the proportion.
Data show that China's semiconductor lighting industry last year, the overall output value reached 521.6 billion yuan, an increase of 22.8%, of which upstream extension chip size of about 18.2 billion yuan, an increase of 20%; midstream package size reached 74.8 billion yuan, an increase of 21.5% The scale of 428.6 billion yuan, an increase of 23%. LED lighting output last year reached 204 billion yuan, an increase of 31.5%, accounting for 47.6% of the overall market share. In addition, the small pitch LED display market size of 54.8 billion yuan, an increase of 29%, accounting for 12.8% of the overall application market. LEDinsides predicts that the small amount of LED consumption will be expected to grow at a compound annual growth rate of 46% and will consume 188.9 billion particles by 2021.
LED is a kind of energy can be converted into light energy semiconductor devices, which has energy saving, environmental protection, safety, long life, low power consumption and other advantages. From the industry chain, LED mainly includes upstream chip manufacturing, midstream packaging and downstream applications. The downstream LED applications are mainly divided into lighting, display, backlight, decoration, automotive lighting and other fields. LED application is an important part of the whole industry chain with high added value.
China Electric Power Enterprise Federation statistics, from January to November last year, China's generating capacity of 5370.1 billion kwh, an increase of 4.2%. The total electricity consumption of 538.47 billion kwh, an increase of 5%, the formation of carbon dioxide emissions of 670 million tons. China's lighting electricity accounts for about 14% of the total electricity consumption. With the LED lighting products market penetration continues to improve, the future energy savings will reach 100 billion degrees.
In recent years, incandescent lamps have been quickly eliminated, LED has become the mainstream lighting source. Semiconductor lighting network data show that China's LED lighting products last year, the domestic market penetration rate reached 42%, an increase of 10%, of which domestic LED lighting products output of about 8 billion, an increase of 33%; domestic products of about 3.8 billion, an increase of 35 %. LED downstream applications in the current market for the largest area of lighting, followed by backlight applications and display. Which display the application scale to maintain a steady growth trend, especially with the small pitch LED display technology continues to mature, LED display applications will gradually from the outdoor large size display gradually into the indoor application. Application of the rapid expansion of the LED display in the downstream application of the industry chain to further increase the proportion.
Data show that China's semiconductor lighting industry last year, the overall output value reached 521.6 billion yuan, an increase of 22.8%, of which upstream extension chip size of about 18.2 billion yuan, an increase of 20%; midstream package size reached 74.8 billion yuan, an increase of 21.5% The scale of 428.6 billion yuan, an increase of 23%. LED lighting output last year reached 204 billion yuan, an increase of 31.5%, accounting for 47.6% of the overall market share. In addition, the small pitch LED display market size of 54.8 billion yuan, an increase of 29%, accounting for 12.8% of the overall application market. LEDinsides predicts that the small amount of LED consumption will be expected to grow at a compound annual growth rate of 46% and will consume 188.9 billion particles by 2021.
With last year, foreign LED business adjustment strategy, shutting down the product line, excess capacity to ease, local LED companies through overseas mergers and acquisitions, broaden the coverage and technical strength. Silver Wing Group believes that after the industry consolidation, capacity out, the LED industry in the supply and demand to improve the promotion of price momentum will continue, the industry pattern is expected to gradually improve.
