According to relevant media reports, the total production value of China's LED lighting manufacturers in 2015 will reach NT$210.5 billion (US$33.1 billion), an increase of 18.5%. In addition to LED lighting, competition among Chinese LED packaging service providers has intensified. In the first half of 2015, the average price of LED packaging in China fell by more than 50%, far exceeding the international packaging price level of 20%.
In addition, the 2015 LED packaging service market in China is valued at NT$61.4 billion (US$9.65 billion).
At present, many Chinese lighting manufacturers have realized the conversion of traditional lighting products to LED lighting. According to sources, about 50% of Sunshine Lighting, NVC Lighting and Foshan Lighting's revenue comes from LED lighting. China's LED lighting suppliers, such as Sanxiong Aurora (PAK) and Op Lighting, have raised funds from the stock market to enhance the market competitiveness of LED lighting brands.
According to the Chinese research institute GGII, more than 5,000 relatively small Chinese LED lighting manufacturers will be forced to withdraw from the market competition in 2015. The market will be more cruel, but it will also promote the rise of more brand enterprises.
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