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According to LEDinside, an LED research institute, the global output value of LEDs will grow by 12 in 2012 to reach 12.4 billion US dollars due to the growth in demand for handheld terminals and LED lighting products. Although the overall oversupply of LEDs is still difficult to reverse during the year, LED companies will seek strategic alliances to secure orders and increase profit margins.
In 2012, the development of the LED industry was not ideal. The market was shrinking, sales volume was declining, sales were decreasing, and product prices fell sharply. Most SMEs and even some large-scale enterprises closed down because they could not afford losses. The remaining companies were in Struggling in a difficult situation.
LEDinside predicts that by 2013, the demand for LED lighting products will grow rapidly and will gradually be pushed to civilian use. Prior to this, whether it was miner's lamp, street lamp, commercial photo, decorative lamp, the main body of procurement was government or enterprise. The popularization rate of ordinary people is not high, but with the continuous promotion of LED lighting products technology, prices are falling. In 2013, LED lighting is expected to usher in civilian use.
In 2012, the LED industry has undergone a major reshuffle, leaving companies with certain qualifications and relatively sound market channels. These enterprises will play a more important role in 2013 as the economy recovers and the overall manufacturing industry picks up. The role will drive the entire industry back to life.