The worldwide solar market demand in 2014 was approximately at 44GW, even though the China market did not perform as well as expectations, due to the continuous growth in Japan and the U.S. market, the supply and demand remained stable. At the end of 2014, the overall supply chain maintained a solid utilization rate, while China’s tier-one module manufacturers also continued to break shipment records.
For many LED manufacturers, 2014 has been a challenging year. A lot of manufacturers’ performance in first and second half of the year was very polarized. Lighting market demands were stronger than expected in the first half of 2014, leading to a period of LED supply shortages, said Roger Chu, Research Director of LEDinside, a research division of TrendForce. Despite the positive development, the industry was impacted by clients double booking and distributors rising inventory levels during second half of the year. Many manufacturers were impacted by the markets cooling demands, and price competition as a result.