Chinese Premier Li Keqiang said at the World Economic Forum in Tianjin that China will increase scientific and technological innovation and upgrade industrial technology, quality and brand level. These words indicate that the Chinese government will continue to attach importance to technological innovation. Now, China's R&D spending has reached 42 in the US. Our research on Chinese enterprise innovation shows that at least eight types of innovations have emerged. So far, China's success has been based more on non-technical innovations. Some emerging technologies and trends will change consumer behavior and force companies to either adapt or die. Analysts have compared these innovations to a radical change that will allow Polaroid to take the decline of an imaging camera and make Wal-Mart rise. Goldman Sachs analysts call it the eight industries that are creatively destroyed. Creative destruction means that these companies are large enough and destructive enough to rebuild the industry and attract more and more investors. The eight creative destruction industries are e-cigarette, cancer immunotherapy, reinsurance industry, natural gas engine technology, Internet software, 3D printing, big data, and LED lights. Among them, according to the statistics of the number of global LED street lamp installations in the industry in 2014, the current global installation of street lamps is about 200 million, of which about 65 million in Europe, accounting for more than 30, and about 44 million in the United States. The proportion is more than 20, Japan is more than 4 million baht, China is about 33 million baht, and the global proportion is over 16. In recent years, the penetration rate (installation quantity) of China's LED street lamp market has been increasing, surpassing 7, 2011 in 2011. Up to 11, the penetration rate of the LED street lamp market in 2013 was about 19, and the market size was about 14 billion yuan. According to preliminary estimates, by 2015, China's LED street lamp market will be about 23 billion yuan. By then, the overall market penetration rate of China's LED road lighting products will exceed 45, and the market space is huge. Goldman Sachs analyst Brian. Li (Brian Lee) is optimistic about the development prospects of LED lights. LEDs have undergone several transformations to date, starting with mobile phones in the 2000s and expanding to televisions, and are now moving into the general lighting arena. Li said that this is a diversified era that can make economic and energy-saving products show their talents.
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