Digitimes Research: Cree LED lighting revenues to account for 38% of total revenues in 2013
Jessie Lin, DIGITIMES Research, Taipei [Friday 25 January 2013]
US-based LED firm Cree has started with producing LED components and began to expand into LED lighting production in 2012.
According to Digitimes Research, Cree's LED lighting revenues accounted for 28.7% of the firm's total revenues in 2012 and this figure is expected to grow to 38% in 2013.
Fellow US-based LED lighting firm, Acuity, previously focused on manufacturing traditional lighting products. The firm's LED lighting sales are expected to account for 25% of total second-half 2013 revenues, said Digitimes Research.
The two US-based LED lighting firms focus on different markets. Cree mainly focuses on US and international markets with the US market accounting for 40% of its business, while China accounts for 33%, and Europe 15%. In contrast, the US market accounts for 90% of Acuity's total sales due to the firm's close relationship with local distributors.
Cree is one of the world's largest LED component providers and has been focusing on LED technological improvements. In 2012, the firm was able to mass produce products with brightness efficiency of 200lm/W, ahead of the target set by the US Department of Energy (DOE). In the laboratory, Cree has been able to achieve product brightness efficiency of 254lm/W. The firm currently has 2,900 patents.
To maintain a 40% gross margin, Acuity plans to further develop wireless lighting control systems and energy management systems. The firm expects 2013 capex to reach US$40 million, a historic high.
Tong Hsing sees weaker LED ceramic substrate shipments in 2Q13 (May 6)
Cree reports financial results for fiscal 3Q13 (Apr 26)
Taiwan LED firms optimistic about LED light bulb comercialization in US market (Mar 18)
Unity Opto expects 1Q13 revenues to show 60% increase on-year (Jan 24)
Epistar profit margin to rely on AlGaInP; Formosa Epitaxy likely to return to profitability in 3Q13 (Jan 24)
The next 50 years: Q&A with Rohm CEO Satoshi Sawamura (Jan 22)
LED driver IC vendors to see booming shipments in 2013 (Jan 22)
Si-based GaN difficult to replace sapphire, says TSMC SSL president (Jan 21)
2013 is full of opportunities and risks for LED lighting, says Everlight chairman (Jan 21)
LED lighting chips to see prices fall in 2013 (Jan 21)
Makers complain about low price ceiling for Taiwan government LED street lamp procurements (Nov 27)
Tong Hsing looks to strong sales of LED substrates and image sensors in 2013 (Nov 27)
Digitimes Research: China LED packaging houses Refond, Jufei, Z-Light to continue capacity growth in 2013 (Nov 27)
Tough competition in LED industry to continue in 2013, says Lextar chairman (Nov 2)
China market: Nichia hopes to obtain 30-40% market share in 2013 (Oct 31)
Losing R&D professionals may turn Taiwan LED firms into OEM firms: Q&A with Epistar chairman Biing-jye Lee (Aug 10)
Related news from other sites:
Cree reports financial results for 2Q of fiscal year 2013 (January 22) - Company release
Cree announces new LED downlight (January 15) - Company release
Cree announces LM16 LED replacement lamp to obsolete energy-wasting halogen MR16 (January 8) - Company release