CHINA DOMESTIC DEMAND CUSHIONS ITS LED MANUFACTURERS

TAIPEI - China's huge domestic market has provided a solution to the sharp decline in its light-emitting diode (LED) export orders, according to the market information advisory firm, LEDinside. It says some export-oriented LED companies in China have suffered an unprecedented downturn amid global economic uncertainties.
China's LED lighting fixture exports amounted to approximately US$5.8 billion in 2012, according to Chinese customs. Chinese domestic LED lighting demand will rise to US$10 billion and to US$22 billion by 2015 and 2020, respectively, LEDinside forecast (ATI).