Cost is a key factor in blocking the popularity of LED lighting

Green environmental protection is highly valued, and all walks of life are advocating, and O technology has become one of the industries with the best growth potential. The global and O markets are getting bigger and bigger.

Market research firm SBI estimates that today's global and O market size has exceeded $5 billion, with the US accounting for $1 billion. Compared with 2007, the growth rate is 50%. SBI further estimates that the global and O market will reach $14 billion in 2013, while the US will reach a market size of $3 billion.

It is more efficient in converting energy than traditional incandescent lamps. In general, conversion efficiency is 80%, while incandescent lamps are only 20%.

In the long run, the more and more O-application markets, there will be no need to build too many factories in many parts of the world, even as the global population grows and the demand increases. Because with O will be able to reduce the electricity consumption of everyone and even users, once the popularity of lighting is higher, the existing factory is sufficient to meet the demand.

One of the keys to hindering the popularity of O is the cost. Once the price drops rapidly, perhaps the market size with O will be larger and more popular.

Taiwan is now actively working to create a market. The Energy Bureau of the Ministry of Economic Affairs has budgeted NT$200-300 million. After the street lamp standard is set, a street lamp replacement plan will be launched. According to the inside estimate, Taiwan's overall market will have a business opportunity of 40-500 billion yuan, and the market prospects are bright. Future development is worth our expectation and trust.

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Shenzhen Zhifu New Energy Co., Ltd. , https://www.sunbeambattery.com