Global LED lighting market to grow 32% by 2020: group
The China Post news staffTAIPEI, Taiwan -- The global market for light emitting diode (LED) lighting is projected to grow 32 percent by 2020, the Taiwan LED Lighting Industry Alliance (台灣LED照明產業聯盟) announced yesterday.
January 2, 2013, 12:02 am TWN
Contrary to conventional assumptions, the most significant driver for the LED industry in 2013 will be LED lighting, instead of backlight sources, which is a sector already heavily saturated. Currently, Taiwanese companies represent one-fifth of the world's LED industry.
Companies, including Delta Electronics (台達電), Everlight (億光), Liteon (光寶), Edison Opto (艾迪森), and Chicony (群光) expressed optimism in the LED lighting market, and are in position to capitalize on the sector's anticipated exponential growth.
“We have made our first step in standardizing and advancing the industry's streetlight products and are now moving toward promoting LED lights for indoor use,” said Tung Chien-hsiang (童遷祥), director of ITRI's Environmental Research Laboratories.
Roland Chang (江文興), director of Delta Electronics solid-state lighting business unit, expressed a similar sentiment, stating that the trend for European, Japanese and U.S. enterprises to adopt environmentally sound LED lighting has been a major driver of demand in the fourth quarter of 2012, yielding a growth rate of 30 to 40 percent. The company expects to double its growth in the lighting market in 2013.
Chiang added that Delta's Electronics' fabrication methods are maturing and growing more stable, and the company is set to adopt a greater degree to automation by 2014.
Hsu Hsi-chuan (徐錫川), head of lighting research and development department at Everlight, said the company intends to double its LED lighting sales in 2013. This would make such sales represent 15 to 20 percent of the company's total revenue this year, from about 10 percent in 2012.