Taiwan's LED Industry Forecast for the Second Half of the Year Will Drive Around 4.5 Billion Output Value on the Island

In response to rising oil and electricity prices, Taiwan’s economic sector promoted the “LED street lighting plan for the whole Taiwan”. It is expected that more than 326,000 feet of LED street lights will be reloaded, which will inject strong support for the LED industry boom in the island in the second half of the year. Billion yuan (NTD, same below) output value.

At present, the island’s operators have the ability to integrate street lighting products such as Guang Baoke, Delta Electronics, and Everlight, and the industry’s estimates are expected to directly benefit; as for Jingdian, Yuyuan, Edison, and Hao Hong, LED components are also cut in. The street lamp market can also benefit indirectly.

However, the industry also pointed out that, in addition to changing public facilities to LED lighting, if it can directly subsidize the general consumer market and stimulate the people to replace the LED lighting, it can achieve the benefits of effective energy conservation and carbon reduction.

Ye Guang, Chairman of the Board of Directors, Ye Xifu, said that if Taiwan fully uses LED lighting, it is estimated that it will save 22.4 billion kWh of electricity in a year, which is equivalent to 1.5 nuclear power plant generating capacity.

Topo's research report shows that the main growth driver for the LED market in the island this year will come from the subsidized street lamp replacement program of the economic sector. If the replacement of 250,000 street lamps this year is fully tendered, it is estimated that nearly 1/6 street lamps will be replaced in Taiwan. It is estimated that the market will grow significantly in the fourth quarter and related supply chain operators are expected to benefit.

Takuya also pointed out that by the stimulation of electricity tariffs to stimulate the purchase of gas, the current 8 W LED bulb products below mature, enter the low-cost strategy sales period, will also become the lighting market's main growth products this year.

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