In 2009, LED lighting market flourishing

Despite the current financial crisis, Taiwan LED lighting manufacturers are still expected in 2009 LED market will soar.

In Taiwan, the local government has started several important LED lighting projects. By the end of October, Taichung Municipal government installed 5000 street, which is the largest number of. Taiwan's economy under the Ministry of energy has announced a budget of NT $150 million in 2009 ($4 million 500 thousand, $1: NT $33) to support the island's local government in the island to install a total of 12 thousand and 500 LED street lights.

In the mainland, but also the implementation of a number of LED street lamp project. Recently, a local government to spend up to 37 million 390 thousand yuan (about $5 million 500 thousand) in a public utility projects LED street lights.

Li Jiu, chairman of Epistar B.J., a LED chip manufacturer in Taiwan, stressed that the LED lighting market will take off in 2009.

China's Taiwan region LED chip supplier K.R. (GenesisPhotonics), chairman of the new century, said the new century will not increase the investment in the light of the economic crisis. The company has opened a lighting module laboratory in northern Taiwan as part of their ability to build a LED lighting business. K.R. stressed that LED lighting is another advantage for their company to enter the LED backlight module after production in the LED industry.

J.S.Po, general manager of PHILPS lighting in Taiwan, said that their company in Taiwan in 2009 to promote LED lighting products. He expects the lighting market in Taiwan to be NT $15 billion ($454 million) per year, accounting for the remaining $10 billion (equivalent to $303 million). He noted that LED lighting currently accounts for only 5% of the Taiwan lighting market share.

It is estimated that in 2012 the global LED lighting market is likely to expand from $330 million in 2007 to $1 billion 400 million in emerging markets in Asia will become the main driving force.