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.

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 become a prime market for global LED packaging manufacturers, who are speeding up efforts to acquire bigger market share. Leading Chinese manufacturers are also maintain fast development rates, increasing restructure pace is also scaling up industry concentration in the country. Chinese manufacturers’ actions have impacted Taiwanese manufacturers’ Chinese market share, which slid to 9% as a result. Raising product competitiveness has become an urgent matter for manufacturers.