Jul 3 2010
Frbiz.com, a leading Chinese B2B search platform, has predicted the development of the Chinese LED industry. The Chinese LED industry had an improvement in 2009, after the recession. This is a major highlight of the semiconductor industry, which was plunging since 2001.
The LED industry has various favorable factors for its development. First and foremost, market demand will boost the technological development to happen faster, and there will be a considerable drop in the cost of production. LED lighting was promoted globally in 2009 and at present, it is being used in street lighting, corridor lighting, and automotive lighting. The production cost of LED lighting has reduced by 30% annually, which increases the possibility of conventional lighting being replaced with LED lighting. Also, the numerous applications of large-size LED backlights and LCD TVs’ popularity will accelerate the market demand for LED.
The second factor is that the growth of the LED industry promotes emerging regions and countries. The volume of LED business grew quickly, and as a result competitive pressure has increased. Emerging markets were provided the opportunity by the LED industry to improve its competitiveness. Emerging markets such as China, and Malaysia will gradually have the industrial chain transferred from high-end supply areas such as Europe, South Korea, US, Japan, and Taiwan.
The third major factor for the development of the Chinese LED industry is that the state will continue its support for the development. People in China have already accepted concepts like green energy, and environmental protection.