NEW YORK, NY--(Marketwire - Jan 22, 2013) - 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 expects the LED lighting penetration rate to reach 25 percent in 2013. Five Star Equities examines the outlook for companies in the Biotech Industry and provides equity research on SemiLEDs Corporation (
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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," said Jeff Cianci, Green Science Partners' Chief Investment Officer.
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SemiLEDs is a manufacturer of ultra-high brightness LED chips with state of the art fabrication facilities in Hsinchu Science Park, Taiwan. The company's patented and proprietary MvpLED technology allows for higher performance and longer lumen maintenance. The company reported revenues of $6.2 million for the first quarter of fiscal 2013.
Veeco's process equipment solutions enable the manufacture of LEDs, power electronics, hard drives, MEMS and wireless chips. The company last month reported that Guangdong Deli Optoelectronics had selected Veeco's MOCVD systems for their new LED manufacturing facility in Jiangmen, Guangdong. Veeco is scheduled to release its fourth quarter results on February 4th.
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