South Korea estimates that in the next 10 years, LED, semiconductor, panel and other eight types of device industry will grow at an average annual growth rate of 5.9%, and will reach a market size of US$574.5 billion by 2018. However, many of the core technologies of these devices are still dominated by foreign companies, and the proportion of Korean companies is limited. In view of this, the Korean Ministry of Knowledge Economy has developed an industrial development strategy for these eight types of devices.
Although Korea has developed rapidly in the LED TV and lighting industries, the MOCVD machines required for the upstream LED epitaxial process are almost dependent on imports. In order to get rid of this situation and ensure Korea's future growth in key equipment industries, in the development strategy, In the three years from 2010 to 2012, 50 billion won (about 44 million US dollars) of research and development funds were invested to promote the self-made MOCVD equipment, introduce process automation systems, and develop high-speed packaging/testing equipment. The goal is to achieve 50% domestic production by 2013. Turn.
The Ministry of Knowledge Economy of Korea estimates that with the localization of MOCVD machines, it will generate an import substitution effect of 120 billion won by 2013. However, in the downturn that began in 2011, the LED industry is still in overcapacity and adjusted inventory in 2012. It is expected that the purchase amount of LED equipment will be reduced in 2012, and the local government will purchase MOCVD machine subsidy plan for the industry. In 2012, the number of new orders for MOCVD machine manufacturers in Korea is limited. Whether it is possible to achieve the above-mentioned target of localization by the Ministry of Knowledge Economy remains to be seen.
Although Korea has developed rapidly in the LED TV and lighting industries, the MOCVD machines required for the upstream LED epitaxial process are almost dependent on imports. In order to get rid of this situation and ensure Korea's future growth in key equipment industries, in the development strategy, In the three years from 2010 to 2012, 50 billion won (about 44 million US dollars) of research and development funds were invested to promote the self-made MOCVD equipment, introduce process automation systems, and develop high-speed packaging/testing equipment. The goal is to achieve 50% domestic production by 2013. Turn.
The Ministry of Knowledge Economy of Korea estimates that with the localization of MOCVD machines, it will generate an import substitution effect of 120 billion won by 2013. However, in the downturn that began in 2011, the LED industry is still in overcapacity and adjusted inventory in 2012. It is expected that the purchase amount of LED equipment will be reduced in 2012, and the local government will purchase MOCVD machine subsidy plan for the industry. In 2012, the number of new orders for MOCVD machine manufacturers in Korea is limited. Whether it is possible to achieve the above-mentioned target of localization by the Ministry of Knowledge Economy remains to be seen.
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