Guangdong LED industry market value grew at a Year-on-Year rate of 27.73% this year to RMB 125. 17 billion (US$ 20.45 billion), according to the “2Q13 Guangdong Province LED Industry Operation Monitoring Report” published by Guangdong Semiconductor Lighting Industry Joint Innovation Center (GSC) recently. This is the fourth consecutive year that the LED market value surpassed 20%. In addition, the region showed outstanding performance in exports, patents and other key indicators. The GSC report was officially released at the Guangdong Province’s LED industry forum recently. Highlights of the report are listed below:

China’s LED lighting market will reach RMB 32.4 billion (US$5.24 billion) in 2013, at a year-on-year growth rate of 36 percent, according to LEDInside’s latest Chinese LED Lighting report. LEDInside is a research division under global market research organization, TrendForce. The report highlighted the home market growth of 96 percent, placing it just one place behind the top ranking commercial market. Traditional lighting manufacturers, such as NVC Lighting Technology (NVC), Opple Lighting (Opple), PAK Corporation (PAK) and Foshan Electrical Lighting (Foshan) have all switched to LED lighting, while Taiwanese and Chinese LED assembly companies including Everlight, Edison Opto (Edison), MIS Lighting (MIS), Shenzhen Changfang Lighting (Changfang) are more proactive in utilizing advantages in LED manufacturing to grasp a share of China’s LED lighting market.