MLS Strategies in LED Package and Outlook for U.S. Market - Energy Watch News


MLS Strategies in LED Package and Outlook for U.S. Market

Compared to other manufacturers in the industry, MLS is optimistic about LED market developments and market potential with plans of scaling up LED package production this year from 50 billion PCS to 70 billion PCS. Aside from its lighting business, MLS is a main player in the LED backlight business in China, where it has 60% to 70% market share in terms of volume, and about 30% shares when measured with value. MLS decision to scale up production mostly results from its positive outlook of lighting developments in U.S. (Forest Lighting), where market penetration rates is a mere 7% to 8%, indicating there is still large room for growth. MLS for instance has seen its revenue in the U.S. market soar 50% in 2016 http://www.ledinside.com/news/2016/7/mls_strategies_in_led_package_and_outlook_for_us_market

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