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The global EL panels market is being driven by the rising trend of low-cost, energy-efficient displays being used in various industries, especially in the developing countries of the Asia Pacific region. In developed countries, the demand is being driven by the need for solar-powered devices in industries. For example, in the defence industry, there is a high requirement for long battery-life and solar-powered devices. EL panels are ideal for this due to their low energy requirements and compatibility with solar cells. Similar uses are seen in the construction, automotive, and aircraft industry as well.
Cochief Industrial Co. Ltd., based in Taiwan, is one of the leading manufacturers of EL panels. In 2016, due to the increasing growth of the consumer electronics sector, Cochief introduced the Flexible Touch Switch combined with an EL panel backlight to replace traditional switches or membrane keyboards. This product is expected to increase the application of EL panels in consumer electronics products and, also, in the automotive sector. In 2017, Cochief released EL Wall Stickers, further probing into the consumer electronics sector by releasing products illuminated by EL panels for home decoration. The company is currently involved in the mass production of flexible EL panels, which is seeing a rise in growth due to the early development of the folding displays and wearable electronics sector. Technolight, another leading EL panel manufacturer based in the US, is also currently producing lightweight, flexible EL panels of various shapes and sizes. The rapid growth of global e-commerce companies such as Amazon.com, Inc. (NASDAQ: AMZN) and Alibaba Group (HKG: 9988) is also responsible for driving the consumer electronics sector, which in turn, is boosting the sales of EL panels.
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The major players in the global electroluminescent (EL) panels market are Cochief Industrial Co., Ltd., Nejilock Technology Pte Ltd, Technolight, Ellumiglow, Aircraft Engineering & Installation Services Inc., Shanghai Keyan Phosphor Technology Co.,Ltd. (KPT), and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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