From early May, Taiwan media has been flooded with various reports of the continuous depressed state of Taiwan’s LED industry. Lacking for funds and core technology, facing a saturated and highly competitive market at home, all kinds of problems exerted negative influences on local LED lights manufacturing. With the approaching of the London Olympic Games, some experts considered this as a good opportunity to turn the situation around. Many manufacturers also prepared to grab the chance to create a re-booming.
It is reported that the London Olympics will apply mobile devices to live matches. Meanwhile, solar LED street lighting products will be used on roads nearby competition venues. During the preparation time, the UK Government has purchased a large number of solar LED street lighting products from Taiwan and China. The exportation of LED lights in Taiwan has increased by nearly 10% in the past two years. The average growth rate of solar LED street lights is around 35%.
As the largest LED manufacturer and exporter in Taiwan, EveryLight suggested that Taiwan’s LED industry was under pressure for a long time. “The local market is actually saturated. You can hardly expect a re-booming. The only way out is transferring our sight from local market to the international market. China is a primary consideration. Mainland has the largest market and LED manufacturing. We are also looking for other breakthrough, and the London Olympic Games will be a good opportunity for us. ” According to their explains, the major competitors of EveryLight is Seoul Semiconductor (also a large LED manufacturer from Korea), Lumen-Max (another LED giant in Taiwan) and other LED producers in Mainland.
Some other LED producers still treated China as the largest and the most important market for them. “In LED lighting area, although we have some clients from North America and Europe, but China is still the most important one. We have no willing to move targets recently.”
Similarly, LED chip market also suffered fierce competitions. Many local LED chip manufacturers are looking for good chances to shift their focus to other markets. Overall, Taiwan’s LED industry is in a downturn condition. It is suggested that how to turn the table will be a long-term and not-easy issue.