From 2010 to 2016, the penetration rate of LEDs in various markets will increase significantly, with the home market rising from 6% to 49%, outdoor lighting from 5% to 40%, and commercial lighting showing the largest development, rising from 2% to 51%. With the reduction of led costs, the fall of prices, and the policy of eliminating incandescent lamps, China's led market has developed rapidly, and the penetration rate of LED lighting has gradually increased. In 2015, it has reached 32%, and has become a mainstream light source. The total output value of LEDs increased from 154 billion yuan in 2011 to 396.7 billion yuan in 2015, with a CAGR of 26.69%.
China's total led output value (100 million yuan) and growth rate (%)
China LED lighting market size (100 million yuan) and penetration rate (%)
China's led industry is developing rapidly and the competition is becoming increasingly fierce. Benefiting from the increase in the proportion of domestic chips and the mature technology of flip-chip to obtain high-efficiency high-power led chips, the output value of the upstream led chip industry increased year by year from 2011 to 2015, with a CAGR of 21.32%. In 2015, the output value of China's led chip industry reached 13 billion yuan, an increase of 8.3% year-on-year, and the growth rate slowed down. The midstream led packaging industry is also growing rapidly, with a CAGR of 19.01% in 2011-2015. The rapid development of China's local packaging companies has also intensified global competition, and China's led packaging industry has entered a competitive phase.
Led chip industry output value (100 million yuan) and growth rate (%)
Led packaging industry output value (100 million yuan) and growth rate (%)
Led intelligent equipment replaces labor, improves production efficiency and reduces production costs. As a typical labor-intensive industry, LEDs replace labor with intelligent equipment upstream, midstream, and downstream, which is expected to improve led production efficiency and save production costs. Therefore, led intelligent equipment has a huge market space. In the led upstream industry, the photoelectricity involves the led chip point tester. The led chip spotting machine is used for the led spotting and sorting process. The equipment has high requirements for test accuracy and stability. At present, there are mainly several major manufacturers such as Taiwan Whitney, MPI and Hong Kong ASM. In addition to photoelectricity, there are no other domestic enterprises involved. Zhongwei Optoelectronics has the advantage of localized service. The point measuring machine has been mass-produced and has been certified by international manufacturers. In the midstream industry, led spectral banding equipment is an indispensable tool in the led packaging process. It is used to detect, classify, and tape the light, color, electricity, and appearance of led products one by one to ensure the consistency of the three. We have deep technology accumulation in the field of packaging automation, which has contributed to the positive transformation of China's packaging factories from labor-intensive to capital-intensive and the creation of smart factories in line with the trend of Industry 4.0.
In the downstream industry, the penetration rate of LED lighting has been increasing, from 0.6% in 2010 to 32% in 2015. The LED lamp intelligent manufacturing machine is committed to the automation of a certain part of the lamp manufacturing process, such as gluing and cap bulb processes. The LED lamp intelligent manufacturing machine has no minimum production capacity and is suitable for the needs of enterprises of various sizes. It has a broad market demand. As the first brand in the field of LED lamps and lanterns intelligent manufacturing equipment, Zhongwei Optoelectronic LED lamps and lanterns fully automatic production solutions have been recognized by national well-known lighting manufacturers such as Philips and IKEA.
ANNA