Rapid LED price drops for LED bulbs have driven up penetration rates, according to the latest CLSA Asia- Pacific Markets report . Chinese LED lighting market penetration rates for 2014 are expected to increase to 15 percent from 3 percent in 2012, according to a recent report by CLSA. Global LED lighting market growth will stimulate LED chip shipments in 2013-2014. CLSA is optimistic that Chinese LED manufacturers will benefit from this trend, listing LED chip manufacturer San’an and lighting manufacturer Yankon as main beneficiaries.