Memoori estimates that revenue from the global LED Lighting market for buildings hit US$ 8.1 billion in 2013 and will rise to around US$ 10.3 billion by the end of 2014. The market will have grown still further to total almost US$ 23 billion by 2018.

As the price downtrend persists, LED light bulb market has descended into a cut-throat competition, and the future does not look bright. In order to survive, LED lighting firms have been seeking other markets such as convenient store lighting and office lighting, aiming to increase their products’ added value and increase their market acceptance. “We won Aeon’s bidding process for its first project, acquiring the opportunity to expand the company’s business in Japan. Although we did not win the second project, we will keep looking for other chances,&rdqu...

The top three global LED vendors, Nichia, Osram and Lumileds/Philips, are threatened by the fast growing Korean and Taiwanese companies, as competition in the global LED market becomes tougher, according to a market research firm.