Future lighting industry development main force: LED and OLED

According to the market research firm SBI (SpecialistsinBusinessInformation) led and OLED estimates, the global market size now has more than 5 billion U.S. dollars, while the United States accounted for $1 billion in market value. That's more than 50% growth in 2007. SBI further estimates that in 2013 the global LED and OLED market size will reach $14 billion, while the U.S. market size of up to $3 billion.

Why LED and OLED technology, can become one of the best industry future growth potential? Because the world is currently working on the green energy industry more than ever before. This is all thanks to rising oil prices in the first half of 2008, as well as other resources, and global climate change has had a huge impact on mankind.

LED compared to traditional incandescent bulbs in the conversion of energy is also efficiency. Generally speaking, the LED conversion efficiency is 80%, while the incandescent lamp is only about 20%. For example: the use of LED traffic signal than the use of incandescent traffic signal can be reduced by 92% of energy use.

Long term application of market to establish more LED or OLED, then in many parts of the world will no longer need to build too many power plants, even if the global population, more and more demand for electricity and the higher the circumstances. Because LED and OLED will be able to reduce the power consumption of each person and even the user, so once the higher penetration of LED lighting, the existing power plant is sufficient to meet demand.

But SBI also warns that even LED and OLED benefits so much, but the cost still needs time.

So LED OLED and one of the key currently impeding the popularization is the cost. Once the price fell rapidly, perhaps led and OLED market size will be greater and more popular.

Taiwan now also actively strive to create LED market. The Energy Bureau of the Ministry of economic affairs have been restated NT $2 to 300 million yuan budget, set in the LED street lamp standard, will launch the LED streetlight replacement program. According to LEDinside estimates, Taiwan LED overall market will have 400-500 billion scale business opportunities.