LED industry is expected to reach RMB 1 trillion in China mainland in 2020
Following the Twelfth Five-Year Plan setting targets to China mainland LED industry including LED tunnel lights and LED street lights and other outdoor and indoor LED light in 2015, the target planning in 2020 has been recently announced, key projects including the LED industry is expected to reach RMB 1 trillion, the proportion of LED tunnel lights and LED street lights and other commercial and industrial LED lights accounting for general lighting will be 70%, saving benefits will increase by 240% compared to in 2015, showing that potential demand of outdoor LED tunnel lights and LED street lights and other outdoor and indoor LED light or public lighting will continue to increase with the urbanization of China mainland from the countryside.
Because in 2020 the urbanization rate of China mainland will reach 60% in favor of the development of LED indoor lighting; contingent from the short and medium term observation, the district will continue to be based on outdoor LED tunnel lights and LED street lights and public lighting, mainly due to the total length of highways in 2015 up to 4.5 million kilometers, 120,000 kilometers of railway, which will help enhance the capacity of LED tunnel lights and LED street lights and other outdoor LED lighting installed, estimated mainland China ‘s share of global demand for LED tunnel lights and LED street lights and other LED lights proportion will reach 33% in 2014.
The rate of LED chips made by China mainland has reached 75% in 2013, with its huge scale of domestic market of potential LED, Sanan Optoelectronics Announcement raised nearly 3.3 billion yuan by the end of January 2014 in way of non- public offering, the main investment in the second phase of Wuhu MOCVD production capacity, if the sum of the previous old machine capacity, the total will be watching 264 units, which is also described that the company mainly actively cooperated with those specializing in LED tunnel lights and LED street lights and other outdoor and LED lighting solutions on the second half of 2013 , which aims to seek more LED chip to the sea.Browsing http://www.lead-lighting.com/products/bid32-1.htm for more information about LED tunnel lights.
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