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China LED market enters a productive year

Posted: 13 Mar 2014  Print Version  Bookmark and Share

Keywords:China  LED  IHS 

An IHS report projected an upbeat year for China's LED market, with LED die revenues reaching $1,475 million at 36.6 per cent and $4,812 million at 14.8 per cent for packaged LED.

The largest Chinese LED firm Sanan, who owns more than 30 per cent share of the country's die production, is expanding capacity. Its project in Wuhu is now on its second phase, leading to the addition of new tools.

Its biggest rival Epistar will be directly competing this year for leadership in total wafer capacity.

Meanwhile, MLS was estimated to be the largest Chinese packaged LED company in 2013, holding more than 9 per cent market share among thousands of other Chinese competitors.

China LED revenue forecast

China LED revenue forecast by application for LED die and packaged LEDs. Source: IHS

Lighting has been the major driving force for the China LED market growth since 2013. The market is forecast to exceed 50 per cent share of all applications in the current year. The acceptance of LED replacement T-lamps, the falling cost of LED lamps generally, the continued economic growth, and the phasing out of incandescent A-lamps are all factors that are increasing the penetration rate of LED lamps in China.

The backlight market also grew from 2012 to 2013 by 74 per cent in LED die. The market anticipates a continued growth due to Chinese companies' technology improvements, replacing imported products from Taiwan and Korea.

IHS pointed out that although the Chinese domestic market is huge, international sales of most Chinese LED companies remain low. They are catching up quickly, however. Larger companies are developing their own brands and IHS expects the suppliers to increase their presence in international markets in the near future.

- Paul Buckley
  EE Times Europe





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