LG best maker of plasma screens in Q1. Electronics.

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

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

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

“PDP still has a cost advantage over LCD,” DisplaySearch said, but added, “the price disagreement 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 overwhelmingly LCD TV manufacture and found a speed to lower prices enough to start eating away at plasma’s hold on the market. PDP shipments in the start quarter rose 53 percent from a year earlier to 3.5 million units, although the hundred 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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