China’s LED package industry market scale reached US $7.2 billion in 2013, up 20 percent from the year before, according to the recent “2014 China Package Industry Market Report” from LEDinside, a green energy research division of TrendForce. China has become the largest manufacturer of LED products. Rapidly increasing LED lighting penetration rate is driving up LED component demand volume, making China the most contended market among LED package manufacturers. Prior to 2013, the top five companies with the largest market share in China ranked in order were Nichia, Everlight, Cree, MLS Lighting, and Philips, combined they controlled around one third of the market.
