LED market multi-element fluctuations

Affected by the macro economy, the LED industry is not optimistic about the second half of the year. Downstream demand will bear the pressure of the industry. During the 11th period, the LED lighting industry has taken the opportunity to expand the market. Various supermarkets have launched brand and price offensives in an attempt to use strong market traffic. Promote.

He Zaihua, a senior research fellow at China Investment Consulting Co., Ltd., pointed out that due to the strengthening of global economic uncertainties, the demand outlook for LED terminals has been weakened. Manufacturers have reduced production capacity on a large scale and suppliers’ inventory days have also decreased. At the same time, due to the corresponding shortening of the circulation cycle of the channels, the efficiency has been greatly improved, the delivery time has generally been shortened, and the waiting time for customers has decreased. Therefore, the current inventory status does not have a significant impact on the market. On the contrary, the market More flexible.

In the case of unfavorable demand stimuli, the decline in the price of LED products has become the main performance of the market. From the current investment plans of various manufacturers, there will be large-scale release of production capacity in the next two to three years, and with the increase in the localization rate of products. The decline in the prices of products at various stages will be the long-term trend of the market. Since 2009, the proportion of MOCVD equipment ordered by Chinese companies in global orders has continuously increased, becoming the country with the largest increment of MOCVD equipment. The incremental market driven development of MOCVD equipment can not be underestimated.

Zhang Zhenlin, research director of China Investment Consulting Co., Ltd. pointed out that with the first batch of cities driving the industry gradually into the mature track, the new market has gradually emerged. Some provinces and cities have carried out urban lighting energy conservation activities through financial support measures, which not only provides unlimited business opportunities for the LED lighting market, but also provides a corresponding market environment for the development of the LED industry. For example, Chongqing, Ningbo, Zhengzhou, and Huizhou have all increased their financial support and are competing to launch LED lighting projects.

According to the "2011-2015 China Semiconductor Lighting LED Industry Investment Analysis and Prospect Forecast Report" released by the China Investment Advisor, the sapphire substrate material manufacturers have expanded significantly since 2011, and the supply chain problem caused by the March earthquake in Japan has basically been solved. To solve, and the overall production capacity has been restored, therefore, if the production capacity is gradually released, it will greatly exceed the current market demand, and even will have a certain impact on the follow-up market.