The week kicks off with DEKRA's releases of new international LED luminaries and lighting standards scheduled to be implied next year. Latest market intelligence report released by LEDinside reveals lighting application market shrinked up to 16% and backlighting LED products market up to 13% in 4Q14. Merck CEO Michael Grund says QD-LED is unlikely to replace OLED in displays, after Samsung slammed the door on OLED TVs last month. UK Leicestershire County plans to convert sodium light to LED streetlights with a budget of GRB 25 million (US $39.2 million), while Taiwan leads the world phasing out outdated streetlights with LEDs spending NTD 5.79 billion (US $177.7 million) in the next two years. For more insights into the emerging SEA lighting market, do not miss our news coverage on EcoLightTech Asia 2014 from Bangkok, Thailand.