According to Taiwan-based Delta Electronics CEO Yancey Hai, the company has under its talks with several Japanese customers for contract orders for LED bulbs as well as solar power generation and storage systems, as they’re plagued by an estimated 20-30% shortage of power supply following the mandatory suspension of commercial nuclear plants in Japan.
Hai pointed out that inquiries for the said products from Japanese customers are expected to keep increasing in the short term. And the company is optimistic about business outlooks in the second quarter of this year.
Market demand for LED lightings in Japan has actually shown considerable growth potential, as the Japanese news agency kyodo News Service reports that scale of the market is expected to surge 69% yearly to JPY373.8 billion this year, and then mount further to JPY460 billion in 2020.
Aside from Delta, some Taiwanese LED suppliers, including Epistar, Unity Opto Technology Co., Everlight and Opto Tech Corp., are also likely to benefit from the uptrend in the market.