LED lighting applications are the most important driving force for industrial and domestic home lighting start time is ripe.From 2013 to 2015 global LED lighting penetration rate is expected to be improved by 118% , 86% and 61% , which is in the rapid spread phase. It is expected in 2013 global LED lighting penetration rate is of just over 10% ,in the future there is still five times more space . The perspective of the LED chips , lighting accounting in 2013 has exceeded 30% , the lighting industry will be the main driving force . According to our sources from the main electricity supplier to determine prices , the domestic home lighting start time is ripe , while taking into account the industry there are many low-cost program in preparation for launch , will accelerate the growth of home lighting , home market is the largest user base , accounting for the lighting market around 40%. China in the field of LED lighting the main parts have manufacturing advantages , China will be the global LED lighting manufacturing base, 13-15 years is expected to grow at a CAGR of domestic LED interior lighting is 59%. Flat backlight and display market growth , an increase from the industry differentiation . 14 years, global demand will be flat backlight , later tend to decrease the chance that domestic manufacturers squeeze Korea Taiwan market in the field of large-size , backlit 14-year domestic industry is expected to grow 18% in the high-end area Ruifeng , Jufei , low field Siu Chi . Display steady growth in demand , the cost of capital of listed companies are more advantages, small pitch products will open new markets for high-end indoor screen .LED industry chain downstream sorting boom > middle > upstream . Lighting applications and fields of higher ROE packaging , industrial capital influx in 11H13 more downstream applications , the upstream capacity expansion is almost stagnant . Upstream epitaxial chips , the price fell below the level of industrial progress , the industry boom in the recovery process, manufacturers have begun to consider the current capacity expansion . Packaging industry as a whole is still listed on the company's expansion positive attitude , in addition, high-power power package program cost advantage , grow faster. Applications, conventional LED lighting manufacturers to increase product launch efforts, and because the cost of lighting products accounted for lower light , the traditional company's strengths relative strengthened.LED industry will differentiation Hengqiang . Chip area is three safety optoelectronics, packaging field is Jufei , Ruifeng power , field of application is the sun lighting , Siu Chi shares . Perspective of industry chain , our relatively more optimistic about the chip and lighting applications have a competitive advantage of the company. Home lighting will enter a critical period of brand creation , electricity providers need to channel more attention, Chau Ming Technology has tried Hydropower Company . Recommended combinations: three safety optoelectronics, the sun lighting , Chau Ming Technology , Ruifeng power , Siu Chi shares . Sanan Optoelectronics is becoming globally competitive chip companies , and there is potential for vertical and horizontal extension ; sun illumination as conventional energy-saving LED lighting manufacturer leading its ability to highlight that the future will continue to grow steadily ; Chau Ming Technology business inflection point will occur in the second half and lighting business electricity supplier as the main channel ; Ruifeng power is the successful implementation of the strategy of large customers professional packaging factory , lighting package business growth , international manufacturers OEM business is the focus ; Siu Chi has a low-cost manufacturing experience in the field of light and lighting are expected to grow rapidly.
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