LED lighting market will take off in 2009

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 economic subordinate department of energy has announced that the 2009 budget will be NT $150 million (US $4 million 500 thousand, according to $1: NT $33) funded the island local government in the island for a total of 12 thousand and 500 LED lights installed. 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. Taiwan LED chip maker Epistar B.J. Chairman Lee stressed that LED lighting market will take off in 2009. A new century in China LED chip supplier in Taiwan (Genesis Photonics) chairman K.R. said the new century photoelectric will ignore the economic crisis to increase investment. 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 their company to enter the LED backlight module production in the LED industry after another advantage. Taiwan PHILPS lighting general manager J.S. Po said, their company in 2009 began in Taiwan in the promotion of 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.