The CEO of Lighting Science Analyzed Its LED Industry Tendency

According to Gibler, the CEO of Lighting Science Group Corp. at an interview in Bloomberg headquarters in New York, the company has attracted potential buyers seeking to make use of increasing sales in energy-efficient lighting.

In Gibler's opinion, as companies including Royal Philips Electronics NV compete for market share, the LED bulb industry will probably consolidate during the next three to five years.
 
It's a tendency that LED and compact fluorescent lamps will win more consumer sales as U.S. law brings an end to production of the 100-watt incandescent bulb in 2012.
 
Recently, General Electric said its lighting unit may draw as much as 75 percent of sales from LED products within the next decade, compared with less than 10 percent now.
 
While large manufacturers have shown interest in acquiring Satellite Beach, Florida-based Lighting Science, some strategic customers have discussed investing in the company.

At present, Lighting Science's six LED products are sold at Home Depot Inc. Majority owned by private equity firm Pegasus Capital Advisors LP, Lighting Science, also plans to introduce in January a bulb that gives off about as much light as a 60-watt incandescent while using a fraction of the energy.
 
Its shares have more than doubled in 2010 in over-the-counter trading. The company, which now employs 417 workers, is opening a plant in Monterrey, Mexico. In the next 12 to 18 months, the number of overall employees will increase to about 1,800.

Giber also pointed out that being driven by regulations, declining costs and incentives such as rebates from utilities, within two years, more than 50 percent of U.S. households will use some form of LED lighting in their homes.

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