The next two years will be a golden period for LED investment, and from multiple perspectives, it is a rare opportunity.
Here is my analysis of market size, price and cost, business and competitive landscape, light efficiency, and packaging technology:

1、 LED lighting market size: In 2009, the global lighting market had an output value of approximately 2.4 billion US dollars for LED lighting, with a penetration rate of only 3.3%. It is expected that the proportion of LED lighting in the global lighting market will increase to 50% in 2015 and to 80% in 2020.

Secondly, the price and rapid decline of LED lighting products have led to a rapid increase in the penetration rate of LED lighting fixtures. We believe that the large-scale replacement of LED lighting fixtures will begin at the end of 2011 and the beginning of 2012, which will be an important investment opportunity for the LED lighting industry.

Due to the three major commercial\/industrial enterprises being more sensitive to electricity costs and the government's stricter requirements for energy conservation and emission reduction, the performance of energy-saving lighting products used in the commercial\/industrial sector will become more active. LED lighting products, as an alternative, will first receive good examples in the commercial\/industrial field and gradually be promoted to the home lighting field.

The extension of the four major LED lighting industry chains towards LED lighting modules (lamps) and LED lighting production has brought about changes in the competitive landscape, with upstream enterprises going downhill and upstream and downstream enterprises going uphill, and the pace of vertical integration accelerating.

From the perspective of luminous efficiency, LED lighting has reached the standard of replacing traditional lighting. The main development direction of LED lighting should not be based on lm\/w as a technological upgrade, but should be represented by reducing the cost of lm.
LED packaging is the throat of the LED lighting industry chain and will usher in development opportunities. The modular trend in the packaging of LED lighting fixtures. LED lighting applications, entering the traditional lighting LED industry chain enterprises, with the accumulation of optical design, LED lighting fixtures have advantages, and the law of channel king also applies to the field of LED lighting applications. ZUS is optimistic about the long-term development of the LED industry, and the next five years will be a golden period for industry development. Maintaining the industry's \"recommended\" rating, it is expected to be used in high-end packaging and downstream applications. In the field of LED packaging, we optimistically believe that engaging in high-end packaging has accumulated a certain number of technological enterprises in high brightness and high-power packaging, and has explored good investment targets; In terms of downstream applications of LED, we are optimistic to a certain scale that independent brand LED lighting manufacturers will gain advantages in the fierce competition of scale and channels downstream.