The scale of the LED lighting market is growing steadily, according to 2016 Global LED Lighting Market Trends Report by LEDinside, a division of TrendForce. LEDinside estimates that the scale of the LED lighting market will reach US$25.7 billion in 2015 and expand to US$30.5 billion in 2016. The penetration rate of LED lighting is also projected to climb from 31% in 2015 to 36% in 2016.
Led by state-backed conglomerate Tsinghua Unigroup, which has accelerated its investments in NAND Flash manufacturers, the Chinese semiconductor sector is set to play a pivotal role in the global NAND Flash industry as it is close to completing this particular industry chain.
According to the latest report by LEDinside, a division of TrendForce, the global average price of 40W replacement LED light bulbs rose 2.8% monthly to US$11.1 in October, while the 60W replacement bulbs rose 3.5% to US$15. LEDinside analyst Allen Yu said that vendors in the U.S. and Europe have called a truce in their price war after three consecutive quarters of downtrend.