TrendForce: Global LED Lighting Demand Growths to Continue in 2014

The LED lighting market value will soar 47.8% to reach US$35.3 billion by 2014, compared to 2013, according to projections by LEDinside, a green energy research subsidiary of TrendForce. In addition, LED lighting penetration rates are expected to increase 32.7%, with bulb and tube penetration rates at 20% and 15% respectively. To meet new LED bulb and tube market demands in 2014, an estimated 250 MOCVD equipment will be required, according to Jack Kuo, Senior Analyst, TrendForce. 

Observations from LED chip manufacturer utilization rates in 2013 showed top Taiwanese and Chinese LED chip makers production capacity is still high. However, there is still a large number of idle MOCVD equipment in China. The equipment is mostly owned by small manufacturers, and under an increasingly competitive pricing environment, the costs are overtly high for small manufacturers to utilize MOCVD equipment. Small manufacturers are expected to gradually drop out of the LED supply market.

LED lighting demand increase in 2014 indicates competitive LED chip manufacturers will continue to expand production capacity in 2014. Aside from raising yield rates, days of machine operation, and number of operations, it is estimated large LED chip manufacturers will be acquiring MOCVD equipment from small manufacturers to expand production capacity. Looking at MOCVD equipment expansion, after placing an order, LED chip manufacturers need to wait for MOCVD manufacturers to ship the machine, install, and make adjustments. In other words, new equipment purchased cannot provide production capacity in a short period of time, therefore, the possibility of large LED chip manufacturers acquisition of small manufacturers to expand production capacity has greatly increased. This is the only way that manufacturers can be equipped to face production capacity challenges in the fast growing LED lighting market.

The two day LEDforum Taipei 2013 will take place on Oct. 16-17, 2013 at the Evergreen International Convention Center. The first day of the forum will explore and analyze advanced LED technology from upstream LED material, equipment, and epitaxy market to give attendees understanding over latest industry and commercial challenges. The second day of the forum will explore new LED application plus designs, and help participants navigate the post LED era blue sea markets. LEDforum Taipei 2013 will give attendees control over the latest market developments and new development directions. Those from different fields in the LED industry are welcome to attend the forum.

Due to limited number of forum handouts, media planning to attend the event should contact Jasmine Huang, PR Manager, Executive Administration Office, TrendForce:



LEDforum Taipei 2013 is sponsored by Aixtron, GT Advanced Technologies, Merck, Osram Opto, Philips Lumileds, Veeco Instruments and Lighting Japan 2014. 

About TrendForce

TrendForce is an international research organization with four major research divisions including DRAMeXchage, WitsView, LEDinside, and EnergyTrend. The company’s research subject covers DRAM, NAND (Flash), PC, monitors, LED and green energy related industries.

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