LED manufacturers had an especially tough year in 2015. Despite rising LED lighting market demands, and large scale replacements of traditional luminaires, the oversupply situation in the market has caused average sales price (ASP) of LEDs to plunge 30% to 40%. Growing number of manufacturers have incurred heavy losses and exiting the market. With 2016 just around the corner, LEDinside Research Director Roger Chu has listed ten major trends in the market including future LED industry consolidations and technology trends. Listed below are five major trends observed by LEDinside’s analyst team:   1.     Easing LED market growth in the near future Due to the oversupply situation in the LED industry, LEDs ASP prices plunged. LEDinside estimates the global high brightness LED market value in 2015 will increase at an incremental rate of 2% to US $14.52 billion. Even though lighting demands spurred LED usage volume growth, ironically the increasingly energy efficient LEDs are reducing usage volume. Additionally, LEDs still are under immense pressure to further lower prices. Based on these observations, LEDinside projects in the next five years the LED industry Compound Annual Growth Rate (CAGR) is unlikely to reach more than 10% in the future.

2016 Lighting LED and Lighting Market v.s. 2016 LED Backlight Market Trend

The LED market conditions have been fairly challenging for manufacturers in 2015 with notable price declines throughout July to August, but improving market conditions in September has slowed down price drops of certain LED bulb products, according to a latest report from LEDinside, a division of TrendForce.

The average monthly price of sapphire has fallen by more than 30% year on year this September, according to the latest 2015 Global Sapphire and LED Chip Market Report by LEDinside, a division of TrendForce. This decline is the result of suppliers expanding their production capacities despite the weaker-than-expected demand.

The scale of China’s LED package market is projected to expand 16% year on year to RMB 61.4 billion in 2015, according to the latest Chinese LED Industry Market Report by LEDinside, a division of TrendForce. The growth of Chinese LED package market on the whole has slowed. With China being the production center of the global LED industry, the weakening of global economy this year has led to a larger slide in the exports of the country’s LED products. The year-on-year increase of Chinese LED lighting product exports for this year’s first half is 21%, a steep decline compared with the 80% year-on-year growth for the first half of 2014.

Organised by the Hong Kong Trade Development Council, the fifth edition of Hong Kong International Lighting Fair – Spring Edition will run from 6-9 April 2013 at the Hong Kong Convention and Exhibition Centre. The show will play host to over 950 exhibitors from 11 countries and regions, who will showcase their innovative design and trend-setting products to buyers serving both the consumer and the commercial markets. The fair presents a wide array of the latest lighting products in a sectorised format. Established zones include Hall of Aurora, Hall of LED...

Guangzhou International Lighting Exhibition 2013 is Asia’s largest international lighting show. Together the shows attracted 2,914 exhibitors showcasing their products in 21 halls covering 210,000 sqm. Visitor numbers increased by ten percent compared to the 2011 shows with the final count being 110,406 from 111 countries and different regions.

  Epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA says that more than 80 LED manufacturing customers recently attended its metal-organic chemical vapor deposition (MOCVD) User Meeting in Guangzhou, China. Representatives from most of China’s top LED makers attended the meeting, which was held in conjunction with China SSL, an annual event in the solid-state lighting industry. “China has demonstrated significant progress to drive policies that stimulate end-market demand for LED lighting pro...

  People become aware of the unreliability of non-LED lights, for they could not be re-used for next year. The lights will be displayed for 45 days, if using LED lights, statistics suggest that it will save about 12,000 kilowatts of power and $1,500 - approximately the amount of electricity an average family uses for one year. Besides, in 2011, the city planted a live tree in Tibbits Park to be used for years to come. In this way, buying a new tree each year is not becoming a must-have stuff, means it will save thousands of dollars every year. The annual City Lights...

  “Most businesses are reluctant to cover the expense of the initial shift to LED. Although within 2-3 years the financial savings could be felt, the initial cost could be 5 times higher than for conventional bulbs,” said Sinta Marino, green marketing and product manager at PT Phillips Indonesia.  “We started selling LED bulbs about 10 years ago. But their popularity has only grown in recent years,” he said. “Surprisingly, buildings actually contribute the most to the greenhouse effect, rather than air pollution from transportation...

Families gather for photos at Alamo Plaza after the 28th Annual H-E-B Tree Lighting Ceremony on last Friday,. The 55-foot tall fir tree was lit with 10,000 LED lights and with 450 ornaments. The event kicked off the holiday season followed by the 30th Annual Ford Holiday River Parade & Lighting Ceremony along the San Antonio River. ...

  As a manufacture of LED lighting, Zhongtian Lighting recently releases the new product of 7W led spot light [ZT-A111E27-711A] to replace the conventional lamps. The company not only improves its products’ specifications, but also always sees the LED lighting products’ luminous efficacy as the basic requirement. Zhongtian is high-demanding, in terms of luminous efficacy, light perception, and color rendering index, hoping for reaching the international benchmark. The AR111 Spot is a state-of-the-art LED spotlight that can be used to accentuate ob...

  Baja Designs OnX LED Lights shine the way for Vildosola Racing to annouce the overall victory at the 45th SCORE Tecate Baja 1000 race. The dominant wins and also marked Baja Designs as the only lighting manufacturer to be succeeded in the grueling race with only LED lights shining the way – no HID lights. Baja Designs could make their proprietary American-Made LED lighting technology shine further and brighter, that's what they finally convinced the Vildosola Racing team to choose BD lights for their Trophy Truck.  The Stor...

      There is a program for Pacific Gas and Electric Company (PG&E) commercial customers in Lake County by Lake County Energy Watch, to help improve energy efficiency and save money.   The Energy Fitness Program offers lighting retrofits at no- or low-cost for customers whose electrical demand is 200 kilowats or less per month.   These retrofits are available to small businesses, nonprofit organizations and special districts, as well as city, state and federal facilities located in Lake County. The retrofits include four- and ...

X2 LED Grow Lights, which from Hydro Grow, makes a big show at this year's San Francisco Indoor Gardening Expo. In addition, it provides in a public setting to have higher photosynthetic output and 55% less power consumption compared to a 1000W HPS. San Francisco has become a Mecca for indoor gardeners each July by hosting the largest show for hydroponics equipment in the US. One of the newest products to the hydroponics industry is LED Grow Lights, with several well-known manufacturers in attendance at this year's show. The show is one of the only ...