Global LED package market is estimated to achieve US $14.6 billion in 2014, and grows at a CAGR of 3.2% during 2014-2018. Among all LED applications, LED lighting has the highest estimated revenue of US $4.8 billion in 2014, soaring with a CAGR of 12%. These figures suggest that LED lighting market has entered a high growth phase. Nevertheless, the prices of LED lighting products, such as lighting bulbs and tubes show a steady downfall trend.

Another challenging year awaits Taiwanese manufacturers as major Chinese LED chip manufacturer San’an Opto acquires a total of 100 MOCVD reactors in September and December and have said that the company will continue to headhunt Taiwanese experts, according to a report of China Times.

In this interview for the Russian feature, LEDinside spoke to Vadim Smirnov, General Manager, Lighting Division, Rainbow Electronics, who spoke to LEDinside about local LED component sales, and gave an in depth market analysis of Russia’s lighting component retail.

Impact from LED blue lights on the health of eyes remains a field that requires close study, but there still some measures that heavy screen users can adapt to save their eyesight, according to a recent Financial Times report.

Revolution Lighting Technologies, a global provider of advanced LED lighting solutions, announced today that it has entered into a strategic distribution partnership with the Fastenal Company. Fastenal is one of the largest MRO (Maintenance, Repair and Operations) suppliers. Under the terms, through its U.S. stores and distribution centers, Fastenal will stock and make available a variety of Revolution Lighting Technologies’ LED products.

Early in 2014, the Museum of London sought a lighting scheme for their new gallery, built to house the London 2012 Olympic Cauldron.

The Madison Square Garden Company (MSG) has added a dynamic exterior LED lighting system to The World's Most Famous Arena from Philips, the world leader in lighting. The state-of-the-art, connected LED lighting system can reflect the home teams’ colors and highlight special events by creating dynamic visual effects on the façade of the Arena. The lighting communicates which home teams’ games or events are taking place at the The Garden and helps create a sense of excitement in the surrounding area.

Fourth paragraph, last sentence of release dated Oct. 28, 2014, should read: For the Brunswick Landing project, Pemco partnered with Enterprise Electric, MCO Engineering and Swiftcurrent Engineering to design, implement and maintain the installation (instead of xxx RJM Engineering and Swiftcurrent Engineering to design, implement and maintain the installation)

TERRALUX revolutionary D Series LED retrofit kits have received ENERGY STAR® Certification. Buildings can also take advantage of utility rebate programs to offset the initial investment.

Leading Taiwanese LED chip manufacturer Epistar is planning another merger to complete its white LED portfolio, according to a Chinese-language report by China Times.

Energy efficiency is becoming increasingly important in an energy-strapped world, according to a Dazhaoming.com report. LEDs are being recognized as the next generation green lights for its advantages in energy efficiency, environmental friendliness and long lifetimes. Countries are increasingly focused on the LED lighting industry, with many countries launching related regulations or standards.

The holiday season is a time when many homes feature a sparkling Christmas tree decked with ornaments filled underneath with presents and more decorations.

Honolulu and the Canadian city of Calgary are reported to replace sodium-vapor streetlights with energy saving LEDs, according to a news report by HNGN.

Hanover plans to install 700 LED streetlights by late Spring with a spending of US $365,000, according to a report of Bayshore Broadcast.

The new LED lighting sees South Shields Town Hall bathed in a white glow or can be lit up to celebrate occasions such as Christmas.

Indian consumer electronics manufacturer BPL plans to expand its LED product portfolio, after starting in the industry with solar LED lanterns a year ago, according to a report by The Economic Times.

By automatically turning on full brightness with the detection of a car or human being, the new generation Infrared Sensor LED Tube is the ideal replacement for fluorescent tubes in parking lots and garages.

Hipower recently rebutted a local Chinese-language magazine report claiming the company’s CEO went missing, due to its financial crisis. 

“When I check my phone, there are always a lot of messages from LED manufacturers,” said ETI Chairman Wang Donglei, while pointing to his phone.

India’s power ministry’s proposed solution to the country’s energy crisis is simple: upgrade to LED light bulbs.

The Nemen LED Jacket is an experimental project which expresses the brand's passion for research in textiles development and functionality in sportswear garments.

Cheap Chinese LED bulbs can disrupt DAB radio signals, and stop the radio from working, according to a report by the Telegraph.

A smile confuses an approaching frown. But how do you like the idea of showing your smile while wearing a mask?

The multifunctional SUPERSYSTEM forms a unifying light element in the successful renovation of the listed arcades at the LWL Museum in the city of Muenster, Germany.

The Chinese central government’s policy of clamping down on local government subsidies in early December is expected to affect the LED industry subsidies too. LED industry insiders project the new policy will restore order to the overtly competitive Chinese LED market by edging out uncompetitive LED chip manufacturers. LEDinside has also released a series of reports this week that recap some of the major events and trends in the LED industry in 2014. For more please see below:

In recent years “labor shortages” and “layoffs” have become common terms in the Chinese LED manufacturing industry. In Guangdong Province in Southern China, short term labor shortages have increased in 2014 to reach between 800,000 to 1 million workers, according to a report by Chinese-language LEDtimes. Chinese electronic manufacturing conglomerates Haier Electronics, Gree Electric and Foxconn’s layoffs also attracted market attention.

Everlight plans to invest NT $30 billion (US $944.31 million) on production expansion in the next five years in Taiwan to compete in the international market, according to a news report from UDN.

Honglitronic announced on Christmas the company’s LED lighting subsidiary, Ledia Lighting’s, patent application was authorized by China’s State Intellectual Property Office, according to a report by Securities Times.

Many people don't know that there’s more to scientist Isaac Newton than a certain apple falling from a tree. Holding a prism of glass in the path of sunlight, he showed that white light is actually made up of seven different colors – red, orange, yellow, green, blue, indigo, and violet. Color comes from light – in fact, color is light.

Bahri & Mazroei Trading Company (BMTC), part of the Bahri & Mazroei Group, a leading provider of solutions for buildings and infrastructure development projects in the Gulf, has launched its range of LED light fixtures from Arnsberg-based global lighting solutions manufacturer Trilux in the UAE.