30% of LED companies will be eliminated in the next five years
At present, there are more than 10,000 LED companies in China. In the next 5-8 years, enterprises from 30 to 40 or even 50 will be eliminated from this market, and the industry concentration will be higher and higher. On June 9th, Guangzhou International Lighting Exhibition, which is regarded as the world's largest lighting exhibition, was unveiled in Guangzhou. Dr. Pan Wenbo, Director of Guangzhou Guangya Messe Frankfurt Co., Ltd. made the above statement at the meeting. Pan Wenbo believes that a number of outstanding enterprises will grow in the market in the future. He predicted that in the next 5-8 years, there will be LED lighting companies with annual revenues exceeding 1 billion yuan, 2 billion yuan, and even more than 10 billion yuan. The current penetration rate of LED lighting is only 20-30. Pan Wenbo believes that the penetration rate of LED lighting may exceed 80 in the next five years, and the development space is very large. The output value of LED lighting in the upstream and downstream of China's mainland, last year's 355 to 380 billion yuan, will reach 420-450 billion yuan this year, and will exceed 100 billion yuan in the next five years. In Pan Wenbo's view, companies with brand, channel, technology and sales network advantages will become stronger and stronger. Of course, there will be companies that have been eliminated. In the next five years, the domestic LED lighting industry will maintain a growth rate of 22-25 per year, and 80 traditional lighting will be replaced by LED lighting. It is reported that the exhibition area of ​​Guangzhou International Lighting Exhibition covers an area of ​​225,000 square meters, covering more than 20 exhibition halls. The lighting companies at home and abroad show the new trend of integration of lighting products and control technology, including lamps, lamp accessories and electronic components, LED Various latest products and technologies of the lighting industry chain such as chips and modules have been exhibited.