After the industry recovery and differentiation in 2013, where are the investment opportunities for the LED industry in 2014? Near the end of the year, major brokers have expressed their views on the future development trend of the industry and investment strategies. In general, brokers are optimistic about the development of the LED industry in 2014, especially optimistic about the increase in LED lighting penetration.
UBS Securities expects demand for general lighting LEDs to increase by 62 in 2014. In 2014, the LED penetration rate of the general lighting market is expected to increase from 3-5 in 2013 to around 9 (based on global total lumen demand, the penetration rate can be seen from the demand for light bulbs. About 7). It is even said that in view of the recent rapid decline in the price of LED bulbs, there is currently room for an increase in the LED penetration estimate for 2014 (based on lumen penetration).
UBS Securities said it is optimistic about investment opportunities in the LED segment of the electronics industry. UBS Securities judged that the supply of high-brightness LED chips in 2014 is likely to regain tension. UBS conducted a comprehensive analysis of the global supply and demand situation of high-brightness (HB) gallium nitride (GaN) LEDs. The results show that the oversupply situation of the LED chip industry in the past three years may be significantly tightened in 2014, thanks to general lighting. The growing demand and more rational expansion of major LED chip manufacturers.
UBS explored the expansion plans of major LED chip manufacturers in 2014. Among them, Epistar expects that the production capacity of Epistar will increase by approximately 100,000-inch wafers per month in 2014, which is about 15.5% higher than its current monthly production capacity of 650,000. Epistar will express its facilities in Taiwan and China. Each adds about 20-25 MOCVD equipment. Sanan Optoelectronics has announced a new financing plan to start the second phase of construction in Wuhu. The newly planned LED chip fab will increase annual production capacity by 1.2 million wafers (4 inches) with a total investment of 4.1 billion yuan ($664 million). Sanan said it will purchase about 100 MOCVD equipment for its new fab in 2014. The fund raising plan must be approved by the shareholders and the China Securities Regulatory Commission. However, Sanan can start the construction of the second phase of Wuhu before the fund-raising is completed, because the company held 1.6 billion yuan in cash (US$260 million) as of the first quarter of 2013. Both Dehao Runda and Tongfang Co., both of which said that the expansion will depend on the market environment.
UBS expects global demand for HBLED chips to increase by 29 in 2014, but supply is only growing 17. It is expected that global HBLED supply and demand will return to a more balanced situation in 2014: the oversupply rate will drop sharply from 31 in 2012 to the expected in 2014. 4 should promote the profitability of the entire supply chain, especially LED chip manufacturers.
CITIC Securities also said in a recent research report that in the medium term, the layout of the LED boom cycle has arrived, and it is recommended to focus on the LED upstream chip leader.
Industrial Securities, Zheshang Securities, Guodu Securities, Donghai Securities, etc. are optimistic about the development of LED lighting.
Industrial Securities said that LED lighting will exceed backlighting as the largest application market. Since the penetration rate of LED backlights in LCD TVs has reached more than 90 this year, the global LCD TV shipments have remained stable. Although the TV size has become larger, its judgment has reached a peak with the increase in chip brightness, particle count and product price reduction. Lighting will be the main driver of future industry development. From 2013 to 2016, it is the golden development period of LED lighting, and the penetration rate will increase from 20 to 45. It is a rare sub-industry with relatively fast growth and high certainty.
Industry research institutes predict that LED backlights will completely replace CCFL in 2014, but the number of direct-lit TV LEDs that have leapt to the mainstream has been reduced by 50% compared with the side-light type. The LEDTV backlight output value is likely to decline for the first time in history and enter the specifications of impulse. The era of LED; the LED lighting will climb against the trend, the output value will surpass the backlight for the first time.
Zheshang Securities is optimistic about the increase in the penetration rate of LED lighting in 2014. LED lighting is still in the early stages of growth, and is optimistic about companies with high quality products and excellent management. LED backlights still have room for growth, and it is expected that there will be 2-3 years of high growth in the large-scale backlight industry.
Guodu Securities expects demand for LED lighting products to usher in an explosion next year. Since 2014, more regions in the world will enter the stage of prohibiting the production, sale and use of incandescent lamps, accelerating the growth of LED lighting demand, and demand will exceed the backlight for the first time. Many regions around the world have replaced 40-watt or 60-watt LED bulbs, and the lowest price has been less than $10. In the future, LEDs will have limited space to fall, and the number of LED lighting shipments will grow. It is estimated that the global LED lighting products will have a production value of US$17.8 billion in 2014, and the growth rate of product usage is expected to reach 69.
Donghai Securities believes that with the decline in cost, the penetration rate of LED in the lighting market will exceed 20 next year, ushered in a rapid penetration period.
Solid-liquid Separator for animal manure
Usage---- Solid Liquid Separator
This animal manure solid liquid separator used to reduce the water content of animal dung, acid-sludge, medicine dregs, kitchen rubbish, and many other dregs.
Description ---- solid liquid separator
1.The development of modern livestock farming, the rise of intensification and factory farming industry has enriched people's material needs. However, it also brought the flooding of livestock sewage which caused the water, air and environment pollution.
2.This animal manure solid liquid separator will separate the original livestock manure to liquid and solid organic fertilizer: the liquid organic fertilizer can be directly used for crops; the solid organic fertilizer can be shipped to regions that lack of fertilizer to improve the soil structure. What's more, after fermentation, the solid organic fertilizer can be made into organic compound fertilizer.
Features ---- solid liquid separator
1.This animal manure solid liquid separator can reduce the COD cr content of waste water;
2.The solid content of separated solid materials can reach up to 50%;
3.Low Energy Consumption, small investment, high efficiency;
4.Compact structure, raw material of animal manure solid liquid separator is iron stell, the raw material of main shaft and screen is stainless steel;
5.Easy operate and maintenance;
6.Fast investment return, no need to add any flocculating agent.
Application Scope ---- solid liquid separator
1.Animal wastes, such as pig manure, cow dung, poultry dung, horse excrement and other kinds of animal manure;
2.Biogas slurry, sludge gas and biogas fermentative residue;
3.Manioc waste, tea slag, sweet potato waste, maize pulp, bagasse, medicine dregs, wpp d pulp fiber, paper pulp fiber, bean dregs, coffee grounds and so on;
4.Any kinds of solid liquid separation.
Solid-liquid Separator
Solid-liquid Separator,Low Energy Consumption,Solid Liquid Separator,Separation of Animal Droppings
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