LED lighting market is not good, the world is looking forward to the Asian region
Under the influence of the European debt crisis, the lighting markets in major regions of the world have been affected to varying degrees. The orders of LED manufacturers outside China are also generally declining. In particular, the European lighting market is significantly lower than other regions. Therefore, many LED manufacturers began to turn their attention to China's LED standard market. In particular, the “2012/2013 Semiconductor Lighting Product Financial Subsidy Promotion Project†re-tendered by the three ministries in China in July this year has restarted, which has revived hopes for many operators.
Looking forward to the second half of 2012, the poor environment will affect the shopping malls, and the large-scale lighting construction will gradually stop. Most of the export manufacturers will lock in the continuous small and medium-sized lighting projects and commercial space lighting. As for the large-scale LED lighting demand, it still has to look forward to the lighting standard market in the second half of China.
According to the survey, in the third quarter of 2012, LED lighting manufacturers, which were mainly exported to Europe, reported a general decline of more than 20% (QoQ) in the third quarter. The decline in orders in Europe is most evident from May to July 2012. Due to the uncertain market sentiment in the second half of 2012, European channel traders are generally on the sidelines, reducing the number of orders placed in the Asian market. In addition, the large-scale lighting project in parts of Europe originally expected that the project to be entered in batches would also be shut down due to the lack of injection. Looking forward to the second half of 2012, the current small and medium-sized lighting projects in Europe continue to be carried out, but due to the competitors, the price is very fierce.
In addition to the European market, the demand for new housing starts increased in the US market. In the second quarter of 2012, demand in the lighting market strengthened, especially LED bulbs and LED tubes increased month by month. The second half of 2012 is the traditional peak season for residential lighting applications, but the visibility of orders at this stage is still unclear, but better than the European market.
The Asian region is affected by the downturn in Europe and the United States, and international lighting manufacturers such as Philips and Osram are turning to the Asian market potential. For example, Japan is benefiting from the summer power saving policy, and the willingness of people to buy LED bulbs is relatively high. It is estimated that the LED lighting market will grow in the third quarter of 2012, and the Japanese market is relatively strong.
It is particularly worth mentioning that the progress of the Chinese LED standard market will be the target of most LED operators. Since the beginning of this year, the “three-year semiconductor subsidy promotion project for semiconductor lighting products†of the three ministries and commissions in China has carried out the bidding results. Because the quality gap between the various manufacturers is too large, the results of the bidding have not been published.
However, in July this year, China National Electronics Import and Export Corporation (CEIEC) was commissioned by the Department of Economic Construction of the Ministry of Finance, the Department of Resource Conservation and Environmental Protection of the National Development and Reform Commission, and the Department of High-Tech Development and Industrialization of the Ministry of Science and Technology. /2013 Annual Financial Lighting Subsidy Promotion Project for Semiconductor Lighting Products (outdoor lighting products - LED street lights, LED tunnel lights), (indoor lighting products - LED downlights, reflective self-ballasted LED lights) tender announcement. The new announcement adds bidding requirements and updates the bidding company's scoring factors and point allocations, with the intention of increasing attention to product quality and the ability of bidding companies.
Although the progress of the 1H12 bid in China is not as good as expected, many of the bids have not been launched in large numbers because the subsidy policy has not been determined. However, the new announcement of the three ministries will improve the quality of products and the threshold of bidding enterprises will help establish industry standards. Although the current specific subsidy amount has not been announced, the government's support will undoubtedly promote the development of the relevant industrial chain. As government subsidies increase and market acceptance increases, the general lighting market, including commercial, industrial, and home, will gradually start.
Looking forward to the second half of 2012, the poor environment will affect the shopping malls, and the large-scale lighting construction will gradually stop. Most of the export manufacturers will lock in the continuous small and medium-sized lighting projects and commercial space lighting. As for the large-scale LED lighting demand, it still has to look forward to the lighting standard market in the second half of China.
According to the survey, in the third quarter of 2012, LED lighting manufacturers, which were mainly exported to Europe, reported a general decline of more than 20% (QoQ) in the third quarter. The decline in orders in Europe is most evident from May to July 2012. Due to the uncertain market sentiment in the second half of 2012, European channel traders are generally on the sidelines, reducing the number of orders placed in the Asian market. In addition, the large-scale lighting project in parts of Europe originally expected that the project to be entered in batches would also be shut down due to the lack of injection. Looking forward to the second half of 2012, the current small and medium-sized lighting projects in Europe continue to be carried out, but due to the competitors, the price is very fierce.
In addition to the European market, the demand for new housing starts increased in the US market. In the second quarter of 2012, demand in the lighting market strengthened, especially LED bulbs and LED tubes increased month by month. The second half of 2012 is the traditional peak season for residential lighting applications, but the visibility of orders at this stage is still unclear, but better than the European market.
The Asian region is affected by the downturn in Europe and the United States, and international lighting manufacturers such as Philips and Osram are turning to the Asian market potential. For example, Japan is benefiting from the summer power saving policy, and the willingness of people to buy LED bulbs is relatively high. It is estimated that the LED lighting market will grow in the third quarter of 2012, and the Japanese market is relatively strong.
It is particularly worth mentioning that the progress of the Chinese LED standard market will be the target of most LED operators. Since the beginning of this year, the “three-year semiconductor subsidy promotion project for semiconductor lighting products†of the three ministries and commissions in China has carried out the bidding results. Because the quality gap between the various manufacturers is too large, the results of the bidding have not been published.
However, in July this year, China National Electronics Import and Export Corporation (CEIEC) was commissioned by the Department of Economic Construction of the Ministry of Finance, the Department of Resource Conservation and Environmental Protection of the National Development and Reform Commission, and the Department of High-Tech Development and Industrialization of the Ministry of Science and Technology. /2013 Annual Financial Lighting Subsidy Promotion Project for Semiconductor Lighting Products (outdoor lighting products - LED street lights, LED tunnel lights), (indoor lighting products - LED downlights, reflective self-ballasted LED lights) tender announcement. The new announcement adds bidding requirements and updates the bidding company's scoring factors and point allocations, with the intention of increasing attention to product quality and the ability of bidding companies.
Although the progress of the 1H12 bid in China is not as good as expected, many of the bids have not been launched in large numbers because the subsidy policy has not been determined. However, the new announcement of the three ministries will improve the quality of products and the threshold of bidding enterprises will help establish industry standards. Although the current specific subsidy amount has not been announced, the government's support will undoubtedly promote the development of the relevant industrial chain. As government subsidies increase and market acceptance increases, the general lighting market, including commercial, industrial, and home, will gradually start.
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