LED industry, vicious competition caused a major reshuffle

Guangzhou International Lighting Fair seminar revealed message is displayed, the lack of national standards and vicious competition, so that LED lights only to compete for market share through price cuts. Therefore, the industry estimates, this year will be a major reshuffle LED market is estimated that at least half of the LED lamp factory will close down.

In 2010, domestic listed companies have announced investment in LED industry, 300 billion yuan of capital, more investment in non-listed companies were not disclosed. And there are still many enterprises to enter the LED industry, BDO Runda recently announced that it would raise 3.5 billion yuan layout of the LED industry chain. Guangzhou Iron and Steel shares had just wide backdoor Japanese group said, is investing in new industries LED.

In Guangdong Province, LED is listed as one of its three new strategic industries, by 2012, LED industry will reach 120 billion yuan. During the second five-continent, will promote the use of 3 million outdoor LED lighting, 30 million indoor LED lighting, saving 20% of urban lighting to achieve the goal.