According to the newest industrial report issued by foreign security Goldman Sachs, the price reduction of LED lighting stimulates the growth of LED lighting market. The demand of LED general lighting will grow 70% and 40% in 2013 and 2014. The opinion that the expected LED lighting permeability will reach up to 70% in 2020 has yet not changed. Nevertheless, the growing demand of lighting will be faster than expectation in the next few years.
From the perspective of international LED market, Goldman Sachs revises the predicted demand from 2013 to 2014 due to the influence of LED backlight market. The demand of mobile phone and displayer backlight is up to 55-60% of integral LED. As the backlight application permeability of cell phone and TV is approaching saturation, the gentle growth of TV backlight will be sustained to 2014. It is estimated by Goldman Sachs that the demand of cell phone and displayer backlight only grows 4%, lower than 7% which is expected.
Compared to conservative view on backlight market, Goldman Sachs is very positive about the development of LED lighting market. The decline of LED lighting products is the reason driving the growth of entire lighting market better than expectation. Take commercial lighting as an example, in the past, it took 8-10 years to recover the cost but now it takes less than 4-5 years. Goldman Sachs is very optimistic about the faster development of LED lighting market demand than anticipation. From the situation of 2013 and 2014, the demand of LED general lighting will grow 70% and 40% respectively and it has not changed the former opinion that LED permeability will reach 70% in 2020.