SemiLEDS, Revolution lift off, possibly sparked by report on China's LED market

SemiLEDS (LEDS +19.8%) and Revolution Lighting Technologies (RVLT +11%) break upward, with the move possibly sparked by a report by Lux Research which sees China's LED lighting market more than doubling to $7.4B in 2017.

Lux believes LED lighting will grow at a CAGR of 24% through 2017, far outpacing the 5.6% CAGR of the overall lighting market. And, it forecasts residential LED sales to skyrocket at a CAGR of 92% to $310M in 2017 from $23M in 2013.

The firm cites ongoing urbanization, local energy savings targets, and price cuts, all factors that make LED lighting tech more appealing.

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Comments (2)
  • Windsun33
    , contributor
    Comments (4431) | Send Message
    Another reason is that the old supply of inefficient bulbs and tubes is gradually being used up, and many are being replaced with LED lighting. I used up my last incandescent about a year ago, and as older types - both incandescent and CFL - fail I have been replacing them with LED lights.
    3 Jan 2014, 03:07 PM Reply Like
  • alphaseeking9
    , contributor
    Comments (33) | Send Message
    I can't stand those CFL. They forever to fully light up when I need it for only a few seconds inside of a closet. I love my incandescent bulb for short use areas. LED for the all day on sites.
    29 Jan 2014, 06:43 AM Reply Like
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