At that time in the world, it seems that some LED’s markets are not in a good period, Chinese Industry of LED is in the totally contrary situation. Indeed, the Chinese market of LED has gone up to $5.8 billion in 2011, 23% higher than last year's with $4.7 million.
The reasons for this rapid success are in part due to the nation's further exploring LED applications as well as government support. The market forecast for next year is $6.9 billion, growing to an estimated $11.1 billion by 2015, a five-year compound annual growth rate of 17.7%.
The success of this market is also believed to be owed to the really big market of china which is using LED like LCD (liquid crystal display), TVs and street lighting. There has also been a lot of recent investing in this industry, and the government's support does play a significant role. Street lighting is expected to be the biggest segment in the market, $1.5 billion to be exact, with TV and laptop displays estimated to grow to $1.8 billion by 2015.
Even if Taiwan and the US are always stronger, and that the Chinese market looks smaller than the two others, the global demand for energy efficient and eco-friendly still spur the Chinese’s industry. China is lack of enough experienced teams and R&D engineers, this is a possible explanations of the lag on this own nation. But the funding from "local and government sources" will help to develop LED use. Other government programs include tax breaks to encourage investing in the LED market. Overall, China is clearly focused on becoming a giant market in the LED industry and current trends show that it will succeed.