According to the newly published 2019 Deep UV LED Application Market- Sterilization, Purification and Water Treatment Markets report by LEDinside, a division of TrendForce, UV LED manufacturers did not see an explosive growth in revenue as expected for 2018 due to the global recession, yet it did see a steady increase. UV-LED revenues are expected to ride UV-C LED market demand and arrive at US$991 million, registering a CAGR of 29% between 2017 and 2023.
2018 has proven to be a difficult year for many LED manufacturers: the industry as a whole was burdened with the weight of oversupply, and the US-China trade dispute caused end demand to stagnate. This led to a less-than-expected business performance for LED manufacturers in general. According to the LED Industry Demand and Supply Data Base report by LEDinside , a division of TrendForce , LED packaging revenue in 2018 reached US$ 18.4 billion, a mere growth of 3.1 % over 2017.
The latest price report by LEDinside , a division of TrendForce , shows that mainstream high power LED package product prices continue to drop slowly while those of mid-power LED package products stabilized.
According to the latest research by LEDinside, a divison of TrendForce, China's mainstream high- and mid-power LED package prices continue to drop in January 2019, although they have rather stabilized in February.
Mainstream high- and mid-power LED package products in the Chinese market witnessed price declines in December, according to the latest report from LEDinside, a division of TrendForce.
