The scale of China’s LED package market is projected to expand 16% year on year to 61.4 billion RMB in 2015, according to the latest Chinese LED Industry Market Report by LEDinside, a division of TrendForce. The growth of Chinese LED package market on the whole has slowed.
According to the latest 2015 Global LED Industry Supply and Demand Database Report by LEDinside, a division of TrendForce, capacity expansion efforts of Chinese LED chip manufacturers have resulted a supply glut with this year’s LED chip supply-demand ratio reaching 22%.
The global average price of 40W replacement LED light bulbs fell 1.5% in August to US$10.9, while the 60W replacement LED light bulbs fell 2.3% to US$14.9, based on the latest report by LEDinside, a division of TrendForce.
The scale of the Chinese LED package market grew 19% year on year to US$8.6 billion in 2014, according to the 2015 Chinese LED Industry Market Report by LEDinside, a division of TrendForce. The growth of the Chinese LED package market will slow down in the next few years as LED prices continue to fall.
The global market value from the external sales of LED chips grew 18% from US$3.677 billion in 2013 to US$4.35 billion in 2014, according to the 2015 Global Sapphire and LED Chip Market Report by LEDinside, a division of TrendForce. The share of Chinese companies in the external sales market also rose from 27% in 2013 to 36% in 2014.
