LED lighting is expected by the end of 2011 to start the industry to invest in time to recommend a stock

LED lighting market size: LED lighting in 2009 the global lighting market value of about $2 billion 400 million, the penetration rate of only 3.3%. The proportion of LED lighting is expected to rise to 50% in 2015, reaching $80% in 2020. From the light efficiency, LED lighting has reached the standard to replace the traditional light source. The main direction of the development of LED lighting, should not be represented by lm/w technology upgrades, but the cost of $/lm as representative of the reduction. The difference in the process of the rapid decline of LED lighting products and traditional lighting products prices, LED lighting penetration rate will rise rapidly, we believe that the large-scale alternative LED lighting will start at the end of 2011 and early 2012, 2011-2012 years will be an important investment point of LED lighting industry. Commercial / industrial sectors will be more active in the use of energy-efficient lighting products due to the commercial / industrial enterprises are more sensitive to the cost of electricity and the government is more stringent requirements for energy conservation and emission reduction. LED lighting products will be the first alternative in the commercial / industrial areas, after a good demonstration effect, and then gradually spread to the field of home lighting. LED lighting industry chain to LED lighting module (Guang Yuan) and LED lamp production extension, brought about changes in the competitive landscape, the upstream enterprises to move down, the downstream enterprises to move up, the pace of vertical integration to speed up. LED packaging is the throat of the LED lighting industry chain, will usher in a development opportunity. There will be a trend of modularization in the packaging of LED lighting. LED lighting applications, the accumulation of breakthrough LED industry chain enterprises with the traditional lighting optical design field, has certain advantages in the LED lighting links and channels for the same rule applies to the field of LED lighting applications. We are optimistic about the long-term development of the LED industry, the next 5 years is the golden period of development of the industry, to maintain the industry's recommended rating, optimistic about the high-end packaging and downstream applications. In the field of LED package, we are optimistic about engaged in high-end packaging, in high brightness high power package has a certain accumulation of technology enterprises, mining is a good investment targets; in the downstream of LED applications, we are optimistic about a certain scale, LED lighting has its own brand of production enterprises, the scale and channel is the win in the fierce in the downstream of the competition advantage, we recommend Zhejiang sunshine.