News Article
LED lighting market to grow 32 percent
This is according to market research firm Five Star Equities report which focuses on SemiLEDs and Veeco Instruments
A strong driver for growth within the LED Industry in 2013 is expected to be the demand for LED lighting.
Tech newspaper Digitimes has reported that Everlight Chairman Robert Yeh anticipates the LED lighting penetration rate to reach 25 percent in 2013.
Five Star Equities says that by 2020, the global LED lighting market is projected to grow by 32 percent, according to the Taiwan LED Lighting Industry Alliance. Since 2011, LED lighting sales has experienced a growth rate of 17 percent on average, and in 2013 output is likely to reach $15 billion, the Digitimes reported.
"The trend toward LED lighting for energy efficiency will move more quickly this year than anyone expects, driven by cost declines, regulatory incentives and rapidly increasing consumer awareness," says Jeff Cianci, Green Science Partners' Chief Investment Officer.
Tech newspaper Digitimes has reported that Everlight Chairman Robert Yeh anticipates the LED lighting penetration rate to reach 25 percent in 2013.
Five Star Equities says that by 2020, the global LED lighting market is projected to grow by 32 percent, according to the Taiwan LED Lighting Industry Alliance. Since 2011, LED lighting sales has experienced a growth rate of 17 percent on average, and in 2013 output is likely to reach $15 billion, the Digitimes reported.
"The trend toward LED lighting for energy efficiency will move more quickly this year than anyone expects, driven by cost declines, regulatory incentives and rapidly increasing consumer awareness," says Jeff Cianci, Green Science Partners' Chief Investment Officer.
