The Financial Times reported that LG Chemical plans to launch several OLED lighting devices for the mass consumer market in March, including OLED reading lights. Other such as Mitsubishi Chemical, Pioneer and other Japanese industry is also optimistic about
the market prospects, have begun mass production of OLED lighting equipment. The global OLED lighting market is currently generating $ 83 million ($ 515 million) in revenue each year, while research firms expect revenue to grow to $ 4.7 billion (about $ 29.17 billion) by 2020, with growth potential Big. At present, LG Chemical has 20% market share in the global OLED lighting market, leading Japan and other countries. Although the overall lighting market is still dominated by Philips, OSRAM and singular electronics, but LG believes that the development of OLED lighting technology will be closer to the SUMBAO Lighting and the distance between Europe and the United States. OLED lighting panel biggest advantage lies in the thin and flexible bending, the thickness of only one-tenth of the LED panel, and the weight of the LED panel is one-fifth. OLED panels release the heat is low, and the power consumption of only 10% of traditional lighting, has been used in smart phones and tablet computer screen, and the future is expected to be used to manufacture cars, aircraft or submarines within the lighting equipment. Although the European and American lighting manufacturers questioned the expensive manufacturing costs of OLED lighting equipment is difficult to promote the market takeoff, but including Konica Minolta, Mitsubishi Chemical, Pioneer and other Japanese manufacturers have since last year mass production of OLED lighting equipment. For more information on LED, please click on China LED Network or focus on WeChat public account (cnLED Recessed Spotlightw2013).