LED Market Trends in 2015 II

<< Go Back Posted By:administrator on Feb 27,2015in Industry News

LED industry restructure has reached a pinnacle in the last year, as the industry continues to eliminate small LED manufacturers. The trend of large LED companies expanding has been increasingly evident, with large manufacturers gaining pricing advantages in the process. There is hope that Taiwanese LED manufacturers can regain market share with good product quality.

The lighting market sector still holds huge potential, as the lighting replacement tide continues to sweep over the globe. Initially, LEDs were designed with the concept of becoming replacement light sources that were more energy efficient and environment friendly. Lighting energy consumption has increased significantly as countries become increasingly developed. The world’s annual bulb demand is estimated to have surpassed 30 billion bulbs based on the global population of 6 billion people. The yearly lighting market value is estimated to be worth NT $2.5 trillion. In comparison, the LED market value is a mere NT $20-30 billion, revealing there is still huge market potential for LED lighting.

Looking into the mid-stream sector, high LED TV penetration rates led to the success of LED package manufacturers with excellent C/P ratios in 2013. This trend is expected to continue well into 2014-2015. Taiwanese LED package manufacturers with a bright future ahead.