LED is a typical technology-driven industry, and new applications are gradually opening up. During the 10-year period from 2000 to 2010, LED lumens cost decreased at an annual rate of 28%, and it is expected to maintain a 25% cost reduction rate in the next 2-3 years. The recent growth in LED demand will be mainly in the field of TV backlighting and general lighting.
LED lighting is entering a period of accelerating popularity, and the logic of falling prices will play a role. LED tube ex-factory price can be 7-8 yuan / watt, compared to T8, has obvious economical in commercial applications; downlight price is slightly higher, but also economical compared to energy-saving lamps, it is expected that lighting products will still Declined by more than 20% a year. Lighting applications will surpass the backlight in 2012 as the main driver of LED demand growth. We expect the LED lighting market to grow by 60% and 67% respectively in 2011-12.
It is worth looking forward to the upcoming lighting subsidy policy for domestic LED lighting applications. The first to be launched in China will be commercial lighting. However, due to lack of standards, product confusion causes users to have difficulty accurately predicting the performance of LED products. We believe that if the subsidy policy is implemented, the user’s awareness of LED products will be improved through product standardization and demonstration applications. We expect that the LED lighting industry related policies will be clear in the fourth quarter of 2011.
The release of production capacity and insufficient demand have caused the industry to be in an adjustment stage. We believe that the adjustment of the economy will enter the later stage. In 2011, the sapphire substrate retreated significantly, and the low-end and middle-end LED products had a price drop of more than 30%. LED lighting products had a 20-30% price drop. We believe that the profit level of the main LED field has been lower than the long-term reasonable level, entering the later period of adjustment, although the trend of price decline in the third quarter is still continuing. Among them, the small and medium-sized companies in the packaging industry have difficulties in operations and are in a state of severe competition to eliminate the weak. Their gross margins are already in the bottom area and will remain. The chip industry’s capacity release process is slow, and its adjustment process is slightly slower than that of the packaging industry. The price is still expected to remain. There is some pressure, however, the fall in substrate prices can partially compensate for the falling price effect.
In terms of investment strategy, it is recommended to select individual stocks based on lighting applications and business climate trends. It is recommended that in the current backdrop of falling chip prices, the emphasis should be placed on packaging and application areas. After the price of chips stabilizes, it will focus on epitaxial chip stocks. In the third quarter, there was pressure on the overall sales of the LED industry, and the business growth will slow down significantly. This has been expected from the recent stock price performance. In the medium to long term, Hongli Optoelectronics [18.45 0.99%] and Ruifeng Optoelectronics [16.45-1.97%] are domestic manufacturers with strong competitiveness in the field of lighting packaging and will benefit from the rise of LED lighting applications. Sunshine Lighting [17.31-4.89%] actively seeks for industrial transformation and will be a direct beneficiary of the incandescent light ban policy. It is also worth focusing on. Dry Photo Optoelectronics [24.60-4.98%] started production of the new machine in the second half of the year, and CPV is the main concern in judging its continuous growth potential. Sanan Optoelectronics [0.00 0.00%] LED has obvious cost advantages, and its integrated layout of CPV also has potential cost competitiveness, and its capacity release process in the short term is worth paying attention to.
LED lighting is entering a period of accelerating popularity, and the logic of falling prices will play a role. LED tube ex-factory price can be 7-8 yuan / watt, compared to T8, has obvious economical in commercial applications; downlight price is slightly higher, but also economical compared to energy-saving lamps, it is expected that lighting products will still Declined by more than 20% a year. Lighting applications will surpass the backlight in 2012 as the main driver of LED demand growth. We expect the LED lighting market to grow by 60% and 67% respectively in 2011-12.
It is worth looking forward to the upcoming lighting subsidy policy for domestic LED lighting applications. The first to be launched in China will be commercial lighting. However, due to lack of standards, product confusion causes users to have difficulty accurately predicting the performance of LED products. We believe that if the subsidy policy is implemented, the user’s awareness of LED products will be improved through product standardization and demonstration applications. We expect that the LED lighting industry related policies will be clear in the fourth quarter of 2011.
The release of production capacity and insufficient demand have caused the industry to be in an adjustment stage. We believe that the adjustment of the economy will enter the later stage. In 2011, the sapphire substrate retreated significantly, and the low-end and middle-end LED products had a price drop of more than 30%. LED lighting products had a 20-30% price drop. We believe that the profit level of the main LED field has been lower than the long-term reasonable level, entering the later period of adjustment, although the trend of price decline in the third quarter is still continuing. Among them, the small and medium-sized companies in the packaging industry have difficulties in operations and are in a state of severe competition to eliminate the weak. Their gross margins are already in the bottom area and will remain. The chip industry’s capacity release process is slow, and its adjustment process is slightly slower than that of the packaging industry. The price is still expected to remain. There is some pressure, however, the fall in substrate prices can partially compensate for the falling price effect.
In terms of investment strategy, it is recommended to select individual stocks based on lighting applications and business climate trends. It is recommended that in the current backdrop of falling chip prices, the emphasis should be placed on packaging and application areas. After the price of chips stabilizes, it will focus on epitaxial chip stocks. In the third quarter, there was pressure on the overall sales of the LED industry, and the business growth will slow down significantly. This has been expected from the recent stock price performance. In the medium to long term, Hongli Optoelectronics [18.45 0.99%] and Ruifeng Optoelectronics [16.45-1.97%] are domestic manufacturers with strong competitiveness in the field of lighting packaging and will benefit from the rise of LED lighting applications. Sunshine Lighting [17.31-4.89%] actively seeks for industrial transformation and will be a direct beneficiary of the incandescent light ban policy. It is also worth focusing on. Dry Photo Optoelectronics [24.60-4.98%] started production of the new machine in the second half of the year, and CPV is the main concern in judging its continuous growth potential. Sanan Optoelectronics [0.00 0.00%] LED has obvious cost advantages, and its integrated layout of CPV also has potential cost competitiveness, and its capacity release process in the short term is worth paying attention to.
What is Feeder on the placement machine? What is Feida on the placement machine? Feida is the main accessory of the placement machine. Its function is to mount the SMD patch components on the feeder, and the feeder provides components for the placement machine for patching.
In the placement machine, the feeder functions to supply the chip component SMC/SMD to the placement head in a regular pattern and order for accurate and convenient pickup, which occupies a large number and position in the placement machine. It is also an important part of choosing a placement machine and arranging the placement process. Depending on the SMC/SMD package, feeders typically have a variety of tapes, sticks, waffles, and bulk materials.
Tape feeders with the different size such as 8mm, 16mm, 24mm, 32mm, 44mm, 56mm etc.Panasonic Feeder,Insertion Machine Tape Feeder Unit,Tape Feeder Unit,Feeder Panasonic
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