Chinese Plan Calls For Massive Growth In LED Technology

The race for overall light-emitting diode (LED) production is on, as the new, energy-efficient lighting technology gains momentum worldwide. LEDS are quickly becoming a widespread and less-expensive alternative to incandescent and florescent lighting. Last month, Taiwan's Digitimes reported  Japan should remain the world's largest LED market in 2014, with a global share of 25.6 percent – followed by North America (23.1 percent), Europe (20.3 percent) and China (16 percent).