Ministry of Economic Affairs releases statistics for March, LED growth rate rises

The Ministry of Economic Affairs released industrial production statistics for March, which was 103.92 in March, an increase of 3.05% compared with the same period last year.

The Ministry of Economic Affairs analyzed that the growth rate of manufacturing production increased mainly because the market conditions for semiconductors, LEDs, solar energy, optical components, etc. continued to heat up, and the stabilization of the global economy led to a rebound in export orders for machinery.

From the perspective of LED, LED lighting demand will enter a period of rapid growth driven by falling product prices and favorable government policies. Currently, there is strong demand for replacement of LED lamps in emerging markets and the Chinese market. Compared with the traditional off-season in the first quarter of 2014, LED revenue in the first quarter of 2014 can be said to be not weak in the off-season. The second quarter will enter the traditional LED peak season, and LED manufacturers are optimistic about expectations.

LEDinside believes that the gradual improvement of light efficiency and the continuous decline of retail prices have driven the rapid growth of LED lighting application market demand. This market demand will take the lead in the field of outdoor lighting. From 2013 to 2015, there will be a global LED outdoor lighting replacement trend, and LED continues to heat up.