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China National Development and Reform Commission and Ministry of Science and Technology have jointly released the LED industry plan.
Value of LED Production to reach 450 billion yuan
According to the plan, the value of LED production will reach 450 billion yuan, and about 10 to 15 industry-leading enterprises will be formed with the control of core technology and branding.
LED lighting products to account for 20% of the market
By 2015, production of filament lamps over 60W will be eliminated, with the market share expected to drop to 10 percent. Traditional energy saving lamps will account for 70 percent of lighting product market.
LED lighting products, on the other hand, will account for 20 percent of the market.
Compared to the traditional lighting products, LED streetlights can save on 30 percent of energy usage, indoor lighting can save on 60 percent energy use, LED backlit products can save 50 percent and LED landscape lighting can save 80 percent of energy used.
By transitioning to LED lighting products, the country can save 60 billion KWH of energy annually, the equivalent of 21 million tons of coal and reducing carbon dioxide emissions by 60 million tons.
Nationalization of chips of LED products to reach 80%
The plan also lays out nationalization of chips of LED products reaching 80 percent. Luminous efficiency of core devices will step into the leading position of the world. Production of key equipment and materials will also be nationalized, as well as 70 percent of testing equipment.