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LED market falls short of expectations, set to boom in 3Q11

Posted: 17 Jun 2011 ?? ?Print Version ?Bookmark and Share

Keywords:LED? lighting? backlight?

According to LEDinside, a research division of TrendForce, LED manufacturers in Taiwan posted revenues of $342.93 million (NTD 9.96 billion) for the month of May, with a MoM increase of 5.8 percent and a YoY of 8.3 percent. However, YoY revenues for LED package makers dropped 0.8 percent to $183.52 million (NTD 5.33 billion).

Despite the growth in LED manufacturing sales, the performance of the LED backlight market fell short of expectations. With more manufacturers investing in the TV backlight market, only LED manufacturers of TV vendors and major panel makers are currently favored with the increasing demand.

Because of the high NB inventory levels in Europe and China, orders related to NB backlight have been trending downward. As for the mobile backlight demand, since the Chinese government began suppressing the knockoff mobile phone market, the revenue growth paled in comparison with last year's sales. Commercial lighting, on the other hand, increased considerably in Japan due to prospects for energy-saving market boosted by electricity rationing.

According to LCD market research firm WitsView, the TV backlight market will boom in 3Q11. The lighting market is also seen to grow. One factor of the growth can be attributed to the Japanese government's efforts of enacting an energy-saving policy. Tokyo Electric Power Company (TEPCO) is offering 19 million households within its service area incentives such as LED light bulb exchange coupons. After the launch of TEPCO's Eco-point system, LEDinside expects the demand for LED light products to continue increasing in Japan.

Furthermore, China's "Ten Thousand LED Lights in Ten Cities" program will enter the second stage in 2012. The program plans to establish 2 million LED street lamps in 50 cities such as Beijing, Shanghai, Shenzen and Wuhan. With additional energy-saving policies launched by local governments, the LED market in Asia is on the verge of booming growth.

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