LG excellent maker of plasma screens in Q1. Televisions.

SEOUL, April 30 (Reuters) - LG Electronics (066570.KS: , , ) has claimed the prune neighbourhood in the plasma screen business in the first quarter thanks to surging enquire for affordable flat screen televisions, market rearch firm DisplaySearch said. “Strong excrescence of 32-inch panels continued, rising from 11 percent to 15 percent of shipments during the quarter, as LCD (liquid crystal display) inventory remains tight and demand remains fervent in developing markets for low priced flat panel TVs,” DisplaySeach said in a proclamation dated April 29. LG shipped 34.8 percent of panels in the PDP peddle in the first quarter.

Japan’s Matsushita Electric Industrial Co (6752.T: , , ) strike down from No. 1 to No. 3 with a 27 percent superstore share, the first time it has not been the top player since the third quarter of 2006.

DisplaySearch said the fame of 32-inch plasma display panels (PDPs), made by LG alone, explained LG’s 97 percent year-on-year development and its ride to the top from No.2. LG’s stingingly rival Samsung SDI (006400.KS: , , ) moved up a spot to No. 2, with 30.5 percent of the market, thanks in the main to increased shipments of 42-inch screens.

“PDP still has a toll advantage over LCD,” DisplaySearch said, but added, “the price rest will narrow by the end of the year.” Plasma display was once the most cost-effective technology for big flat TVs, but it lost the dominance as makers such as Samsung Electronics Co Ltd (005930.KS: , , ) and Sharp Corp (6753.T: , , ) ramped up tidy LCD TV productivity and found a style to lower prices enough to start eating away at plasma’s hold on the market.

PDP shipments in the sooner quarter rose 53 percent from a year earlier to 3.5 million units, although the many shrank 19 percent from the previous quarter for seasonal reasons. (Reporting by Marie-France Han; Editing by Rhee So-eui and Keiron Henderson).

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