LED display market growth slowed down two new areas or growth points
China's LED display industry has experienced a few years ago after the rapid development of the current development of the industry was significantly affected by the impact of domestic and international economic environment, the growth rate compared with the past, there is a big slowdown. China's LED display industry started in the 1970s, forming in the 80's, after 30 years of development, through technological innovation, technology research, the introduction of foreign advanced equipment and some key technologies and other industries big move, the overall production technology has been Great leap.
Foreign LED display market optimistic
According to a report released by the US Department of Energy, light-emitting diode (LED) lighting demand will increase by 7.4% per year; as one of the world's best lighting market, the huge potential of the US LED market size may indicate that the entire overseas LED market is Usher in rapid expansion period. US Department of Energy report is expected in 2016, the overall size of the US lighting market will reach 25.1 billion US dollars. The US market is the largest overseas market for Chinese companies, comparable to the whole of Europe.
There is still room for domestic LED display market
Overseas market growth is a lot of companies will look to overseas, that the domestic LED display market, whether there are opportunities? The answer is definitely yes.
With the development of the domestic economy, LED display of the purchasing power will also be improved. According to the Bureau of Statistics data show that China's total retail sales of social consumer goods in 2014 increased by 13%, compared with the first half of last year and the first three quarters were accelerated by 0.3 and 0.1 percentage points, showing a steady development trend. With the accelerated upgrading of China's consumption structure, residents of high-end consumer products and services, increasing demand, and LED display and other high-end consumer market is also expected to accelerate growth.
Second, China's urbanization process to speed up the second and third tier cities LED display market space is huge. National Science and Technology Institute recently published in the city white paper mentioned that China will be completed by 2020, urban construction coverage rate of about 60%. Is expected by 2020 urban households for the led product consumption output value will reach 500 billion yuan.
In addition, the government's strong national brand, LED display enterprise domestic development has an advantage. All along, China has this LED energy-saving environmental protection products to give high priority and support. All local governments use land, tax rates, rent, labor costs and other "invisible hand" to introduce LED industry, and also pull out a large number of funds to help support. 2009 to 2010 in the upper reaches of the MOCVD procurement subsidies to reach a million on the recent Chau Ming received 5 million yuan of product expansion project subsidies, three years in 2012 four times the total amount of subsidies to reach 232 million yuan The Visible countries and governments are determined to do this LED industry.