- 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.
SemiLEDS, Revolution lift off, possibly sparked by report on China's LED market
Jan 3 2014, 15:02 ET