advances in technology are crucial if China is to meets its LED goals

Ben Lin, senior analyst at international LED consultancy LEDinside in Shenzhen, said they may include some listed companies as well as unlisted players such as Shenzhen Spark Optoelectronics S&T Co, Shenzhen Collection Enterprises Co and French-invested Zhongshan Juneng Hi-tech Optoelectronics & Lighting Co.

Chinese LED makers currently rely heavily on foreign companies for chips, which account for half of the production cost of the lights. Bringing that technology back home would help reduce costs. Lower costs and advances in technology are crucial if China is to meets its LED goals.

Reflecting a global trend, the Chinese LED high bay light market will likely see a compound annual growth rate of over 40 percent through 2016, making up 46 percent of the country's overall general lighting industry, the McKinsey report said.

Next week at Strategies in Light, the premier conference and exhibition for solid-state lighting (SSL), emerging fabless company, Ikon Semiconductor, will debut its digital controller Integrated Circuit (IC) technology for the dimmable LED retrofit market. The new technology is designed to meet cost and performance standards for today’s LED lighting products, while also enabling greater design simplicity for bulb manufacturers and OEMs. Central to the IC’s value is an innovative digital architecture that eliminates costly components – a benefit that reduces the form factor and improves reliability.