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China’s LED package industry market scale reached US $7.2 billion in 2013, up 20 percent from the year before, according to the recent “2014 China Package Industry Market Report” from LEDinside, a green energy research division of TrendForce. China has become the largest manufacturer of LED products. Rapidly increasing LED lighting penetration rate is driving up LED component demand volume, making China the most contended market among LED package manufacturers. Prior to 2013, the top five companies with the largest market share in China ranked in order were Nichia, Everlight, Cree, MLS Lighting, and Philips, combined they controlled around one third of the market.
Increased demands from the LED and mobile device application market have spurred sapphire manufacturers to expand sapphire ingot, sapphire wafer, and PSS production, according to the recent 2014 Global Sapphire Substrate Market Report from LEDinside.
China LED packaging market scale reached US $7.2 billion in 2013, according to the latest China LED package market report from LEDinside, a division of research organization TrendForce. China becomes a prime market for global LED package manufacturers, who are speeding up efforts to acquire bigger market share.
PV stock clearance is nearly ending. Industry demands continued to increase in April and May this year, but orders for June 2014 remain uncertain. Thus, the spot market is still observing supply and demand changes in 2Q14. Meanwhile, a previous wave of marked down prices and unclear policies in certain markets has led to a beneficial supply and demand situation for buyers. Slower than anticipated stock clearance rates and wafer manufacturers’ high utilization rates led to large price fluctuations within the multi-si wafer market.
Market listed Taiwanese manufacturers saw an upward trend in March revenue as the number of work days return to normal and inventory distribution channel adjustments concluded. March revenue grew 24.1% to NT $11.73 billion (US $389.3 million).