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Samsung aims to be largest vendor of LED by occupying China Market
Author:Sino-report    Source:DIGITIMES    Number of clicks :     Update time:2011-05-22 08:52
Sino-report News Center May 2011

Samsung Electronics has been extending its LED production from backlights to lighting applications with China being the major market, and will shift production of LED lighting products from South Korea to Tianjin, China. It expects to generate sales revenues of US$30 million from LED lighting products in 2011 and become the largest vendor in 2013, according to industry sources.
China has become a major market for LED with the help of strong government policies. Many LED firms from Taiwan and South Korea have shifted their focus to the market in China. Taiwan-based firms such as Genesis Photonics and Formosa Epitaxy have been cooperating with China-based firms in lighting and packaging. South-Korea based Samsung predicts China to be the leader in LED lighting market by 2013.
To comply with the goal of reducing carbon emissions set by China's 12th Five-year Plan, China-based firm Potevio has been introducing total lighting solutions for corporate customers. Potevio also plans to procure LED lighting equipment from its strategic partner, Genesis Photonics.
According to Genesis, LED lighting accounts for 15-20% of its total revenues and expects this figure to grow in the second half of the year with breakthrough sales in the markets of Japan and China.
Formosa Epitaxy has been shifting the focus of its sales to the market in China to counter the effects of dropping demand of LED TVs on LED backlight module production.
 

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