TrendForce, a global market intelligence firm, announced today that it has become the majority shareholder of Topology Research Institute, and has fully acquired operation and management rights. Kevin Lin, the CEO of TrendForce, will also hold the title of Chairman of Topology. Topology’s operations, brand, and managing staff will be under the same business model after the merger.  LEDinside is a research division of TrendForce.

According to LEDinside, observed from the 2013 regional residential lighting market development, the Chinese market proportion will increase from 19% in 2012 to 24%, becoming the fastest-growing regional market. In terms of the European market, the implementation of comprehensive ban of incandescent lamps and the economic recovery after the European debt crisis gradually had a positive impact on LED light bulb market, and the LED light bulb market penetration rate is expected to increase.

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