According to industry executives, 60 watt incandescent bulb occupies a major position in the traditional light source market, and currently the illumination of 8 W LED bulb cannot compare with it. However, 9W and 10W LED bulb can achieve the equal illumination of the incandescent bulb. Therefore, it will create potential market value.
Kelington Group Bhd (KGB), which dedicated in ultra-high purity gas and chemical infrastructure, has targeted to China's LED market.
According to Group president and chief operating officer Ong Weng Leong, the company already had LED jobs in China but expected to capitalise further on the growth prospects there. Meanwhile the company had also done jobs for companies in Malaysia, but felt that the prospects were no where near as great as China.
According to reports, Chinese lighting market reached US$12.2bil (RM39bil) in 2010, accounting for 15.4% of the global market share, buoyed by continued economic growth and infrastructure expansion. And the Chinese lighting market share can is expected to rise to 18.3% in 2015, with the total Chinese market value reaching US$20bil.
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