Digitimes Research estimates that LCD TV shipments in China will reach 43.5 million units in 2013, up 11% on year.
Shipments of the technology reached around 23 million units in the first half of the year and are expected to reach 20.5 million in the second half, said Digitimes Research.
Market estimates originally put the year-end total slightly higher than 43.5 million units, but due to energy-saving subsidies that provided LCD TV purchase funding to local consumers coming to an end in mid-2013, shipments are expected to drop in the second half of 2013 despite the time traditionally being a busier TV purchasing period.
Digitimes Research added that the shipments are likely to grow about 5% on year in 2014. However, such estimates could be altered if the China government were to issue a new wave of subsidies, which are reportedly under discussion.
This article is an excerpt from a Chinese Digitimes Research report. Click here if you are interested in receiving more information about the content and price of a translated version of the full report.