Global LED chip demand and supply condition is gradually reaching an equilibrium, and easing the industry’s oversupply situation, according to a Qianjia.com report that quoted an electronic component industry report by UBS. Lighting is becoming one of the major application sectors in the LED industry, and China’s LED supply chain is expected to benefit from these changes. LED chip manufacturers are expected to benefit the most in the future.

NEMA’s Lighting Systems Index increased 1.9 percent from the second to the third quarters of 2014, climbing to its highest level to date in calendar year 2014.  The index posted a gain of 4.1 percent on a year-over-year basis. Shipments of emergency lighting, fixtures, and miniature lamps improved during the quarter; however, ballast and large lamp shipments fell.