China's LED Market Grows to Nearly $6 Billion

Aug 18, 2011
Though some LED markets seem to taking a turn for the worse, the Chinese LED Industry as done just the opposite. In fact, the country's LED market has gone up to $5.8 billion in 2011, 23% higher than last year's $4.7 million. 

The reasons for this rapid success is in part due to the nation's further exploring LED applications as well as government support. The market forecast for next year is $6.9 billion growing to an estimated $11.1 billion by 2015, a five-year compound annual growth rate of 17.7%.

The success of this market is also believed to be owed to the huge markets that use LEDs, such as LCD (liquid crystal display) TVs and street lighting. There has also been a lot of recent investing in this industry, and the government's support does play a significant role. Street lighting is expected to be the biggest segment in the market, $1.5 billion to be exact, with TV and laptop displays estimated to grow to $1.8 billion by 2015. 

While the market within the country itself is still relatively small compared to LED-driven countries like the US and Taiwan,  the global demand for energy-efficient and eco-friendly will spur the industry in China. Though a possible reason for the lag in its own nation is due to lack of enough experienced teams and R&D engineers, the funding from "local and government sources" will help develop intrinsic LED use. Other government programs include tax breaks to encourage investing in the LED market. Overall, China is clearly focused on becoming a market giant in the LED industry and current trends show that it will succeed.

Source:
http://www.pcbdesign007.com/pages/zone.cgi?artcatid=0&a=78479&artpg=1&artid=78479&pg=1

Author:  Rebecca Milne

Back to the list


Reviews forum #FORUM# is not exist

Submit Product Review

Download Review Form

LED Jobs Banner LED Directory Banner


Recent News

12/06/2011 Pleasanton Library Cuts Energy Use By 46% With Adura Technologies Wireless Lighting Controls

12/06/2011 Forepi Selects AIXTRON´s New 19x4-inch CRIUS II-XL

12/06/2011 Future Lighting Solutions Wins 2011 Best LED Service Provider Award

12/06/2011 Leica Microsystems Presented Its Latest Range of Innovative LED Illumination Modules for Microscopy

12/06/2011 Xicato Introduced 3000lm and 4000lm XLM LED Modules

12/06/2011 A.C. Lighting Inc Appointed LedGo North American Distributor

12/05/2011 Electronics Weekly Publishes Interview with Adrian Rawlinson, Marl International

12/05/2011 New ENCELIUM White Paper Examines How Addressable Dimming Controls Help Buildings Earn LEED Points

12/05/2011 i-Pix Satellite Mk II LED Fixtures Launched in September 2011 Gain Immediate Popularity

12/05/2011 Lumenpulse Unveiled Corporate Headquarters with "Evolution of Light" Event in Montreal, Canada

12/05/2011 Anolis Deliveres LED Architectural Lighting Solutions in South Africa

12/02/2011 Lighting Science Group's New 60-Watt Equivalent LED World Bulb Receives Consumer Electronics Show Best of Innovations Award

12/02/2011 Jim H. McClung Lighting Research Foundation Announced Funding of Research Projects

12/02/2011 Magnalight.com Introduced New Explosion Proof Handheld LED

12/02/2011 SDG&E LED Holiday Light Exchange Brings Energy Savings to Balboa Park, Chula Vista and Escondido

12/01/2011 ZENARO Presents New Louver Luminaires with T5 LED Tubes

12/01/2011 Arima Changzhi Ramps Up HB LED Capacity with AIXTRON G4 MOCVD Systems

12/01/2011 CSA's State-of-the-Art LED Lighting Laboratory Opened in Atlanta

11/30/2011 Chroma-Q™ Launched Three New LED Luminaires

11/30/2011 Cree Introduced the New LMH2 LED Module Family