According to Edison, a global leading high power LED manufacturer based in Taipei, Taiwan, the company saw a 7.1% decrease in revenues in May over April due to the European economic crisis along with uncertainties in the US market. So far, this represents the first decline in revenues the company has reported this year.
 
Edison said that it holds a conservative view on LED lighting market demand in the near term, with its order visibility being only at one month and its utilization rate at 70%.
 
However, market expectations in Taiwan remain optimistic about the LED lighting market for 2012, with the forecast reaching 1.5 million LED bulbs sold in Taiwan due to rising energy prices along with deals for 7-8 watt bulbs being sold for US$7-8.
 
Currently in Taiwan, 7-8 watt LED bulbs are about 50% more expensive than energy-saving bulbs, and the expectations are that prices will be the same in two years. Therefore, the belief is that the LED lighting market will explode in 2014.