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1 LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019 LED Lighting Replaces Incandescent Lighting Mountains of Opportunity Picture by Susan Eustis WinterGreen Research, Inc. Lexington, Massachusetts

2 LED Lighting Light Emitting Diodes LED Technology CHECK OUT THESE KEY TOPICS LED Manufacturing Solid-State Lighting SSL LED Rare Earth Materials LED LED Lighting Strategy: Semiconductor Based Systems Enable Lighting Efficiency LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, Next Generation LED Lighting: Markets Change Rapidly from Incandescent to LED, LED the Technology of Choice as Prices Plumet LEXINGTON, Massachusetts (October 8, 2013) WinterGreen Research announces that it has published a new study LED Lighting: Market Shares, Strategy, and Forecasts, Worldwide, 2013 to Next generation lighting achieves a complete replacement of incandescent filament bulbs with LED lighting that is more energy efficient, lasts longer and has a significantly lower cost of operation. LED lighting decreases labor costs of replacing bulbs in commercial situations. The LED bulbs are implementing new semiconductor technology. The 2013 study has 403 pages, 183 tables and figures. Worldwide LED lighting markets are poised to achieve significant growth as buildings and communities lead the way in implementing the more cost efficient systems. In some cases, the utility plants are providing funding and financing so that lighting users can make the shift to LED lighting. LED lamps lower the overall cost of lighting. LED lighting costs are less than costs with incandescent lights. LED lamps offer up to 50,000 hours of illumination with a fraction of the energy used by traditional incandescent bulbs. LED bulbs generate 90% less heat than incandescent bulbs. LED bulbs extend time between bulb replacements. The bulbs are used to achieve a near zero-maintenance lighting system. LED lighting products are coming to market rapidly. Suppliers carry up to 150 different LED bulb and lamp styles to fit the various needs of consumers and businesses. LED PAR lamps dominate the ENERGY STAR qualified product list, so back in 2012 IEE partnered with TopTen USA and Ecova to develop recommendations for top performing PAR38 and PAR30 LED lamps. The team developed an evaluation protocol that starts with the lamps found in ENERGY STAR s list, to which we applied product criteria screens and testing to a subset of lamps to determine the 10 top performers. Efficiency along with aesthetics, payback period, and dimming performance were key criteria to the ranking.

3 LED lighting products compete with traditional lighting technologies on the basis of the numerous benefits of LED lighting relative to such technology including greater energy efficiency, longer lifetime, improved durability, increased environmental friendliness, digital controllability, smaller size, directionality and lower heat output. LED lighting products face competition in the general lighting market from both traditional lighting technologies provided by numerous vendors as well as from LED-based lighting products provided by a growing roster of industry specialized participants. The emergence of cost-competitive LEDs has caused a "paradigm shift" in the lighting industry that has changed everything. The LED lighting industry rapid technological change has been brought by enormous changes in the regulations affecting lighting. Short product lifecycles are a result of new manufacturing and materials science that are the result of companies trying to improve the economies of scale to make price points more attractive to customers. According to Susan Eustis, leader of the team that prepared the study, Frequent product introductions have characterized the LED lighting industry. There is a highly competitive pricing environment with the current price point of $10 in 2013 per light about to decline to $6 per light. These market characteristics increase the need for continuous innovation. Sales of LEDs that outpace incandescent bulbs in North America are expected to soon completely eliminate incandescent bulbs. The LED lighting market is anticipated to grow 45% per year through The LED lighting market at $4.8 billion in 2012 is anticipated to go to $42 billion by The reason is the declining price points, the increased interest by the channel in pushing LEDs to consumers. LEDs provide the best lighting solution. The phase out of incandescent lights has begun, the onset of LED command of the market is upon us. This LED lighting shipment analysis is based on consideration of the metrics for the total number of lights shipped with a likely penetration analysis. Interviews with distributors, vendors, and users provide means for triangulation of data to achieve an accurate look at the market. Interviews include contact with distributors and analysts worldwide. WinterGreen Research is an independent research organization funded by the sale of market research studies all over the world and by the implementation of ROI models that are used to calculate the total cost of ownership of equipment, services, and software. The company has 35 distributors worldwide, including Global Information Info Shop, Market Research.com, Research and Markets, Bloomberg, electronics.ca, and Thompson Financial. WinterGreen Research is positioned to help customers facing challenges that define the modern enterprises. The increasingly global nature of science, technology and engineering is a reflection of the implementation of the globally integrated enterprise. Customers trust wintergreen research to work alongside them to ensure the success of the participation in a particular market segment.

4 WinterGreen Research supports various market segment programs; provides trusted technical services to the marketing departments. It carries out accurate market share and forecast analysis services for a range of commercial and government customers globally. These are all vital market research support solutions requiring trust and integrity. Key words: LED Lighting, Light Emitting DIodes, LED Technology, LED Manufacturing, Solid-State Lighting, SSL, LED Rare Earth Materials, LED, Companies Profiled Market Leaders Philips GE Lighting Solutions Maxion Technologies QD Vision Lighting Science Group Osram Toshiba Solid State Lighting Systems Mitsubishi / Verbatim Cree Market Participants Acuity Brands Lighting Advantech Lighting Solutions / NaturaLED Albemarle ATG Electronics Avances Lumínicos Plus S.A. de C.V BridgeLux Emcore Epistar Everlight GE IEE Intematix iwatt Larson LED Microsensor NT Lightkiwi, LLC. Litecontrol Verbatim Newport Corporation / ILX Lightwave ILX Lightwave Nichia Pluz S.A. de C.V. / NuVue NuVue Prolighting TCP Siemens Sony Sony HD OLED panels Soraa TCP Thorlabs Acquires / Maxion Technologies Toyoda Gosei

5 LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019 Report Methodology This is the 573rd report in a series of primary market research reports that provide forecasts in communications, telecommunications, the Internet, computer, software, telephone equipment, health equipment, and energy. Automated process and significant growth potential are priorities in topic selection. The project leaders take direct responsibility for writing and preparing each report. They have significant experience preparing industry studies. Forecasts are based on primary research and proprietary data bases. The primary research is conducted by talking to customers, distributors and companies. The survey data is not enough to make accurate assessment of market size, so WinterGreen Research looks at the value of shipments and the average price to achieve market assessments. Our track record in achieving accuracy is unsurpassed in the industry. We are known for being able to develop accurate market shares and projections. This is our specialty. The analyst process is concentrated on getting good market numbers. This process involves looking at the markets from several different perspectives, including vendor shipments. The interview process is an essential aspect as well. We do have a lot of granular analysis of the different shipments by vendor in the study and addenda prepared after the study was published if that is appropriate. Forecasts reflect analysis of the market trends in the segment and related segments. Unit and dollar shipments are analyzed through consideration of dollar volume of each market participant in the segment. Installed base analysis and unit analysis is based on interviews and an information search. Market share analysis includes conversations with key customers of products, industry segment leaders, marketing directors, distributors, leading market participants, opinion leaders, and companies seeking to develop measurable market share. Over 200 in depth interviews are conducted for each report with a broad range of key participants and industry leaders in the market segment. We establish accurate market forecasts based on economic and market conditions as a base. Use input/output ratios, flow charts, and other economic methods to quantify data. Use in-house analysts who meet stringent quality standards.

6 Interviewing key industry participants, experts and end-users is a central part of the study. Our research includes access to large proprietary databases. Literature search includes analysis of trade publications, government reports, and corporate literature. Findings and conclusions of this report are based on information gathered from industry sources, including manufacturers, distributors, partners, opinion leaders, and users. Interview data was combined with information gathered through an extensive review of internet and printed sources such as trade publications, trade associations, company literature, and online databases. The projections contained in this report are checked from top down and bottom up analysis to be sure there is congruence from that perspective. The base year for analysis and projection is With 2010 and several years prior to that as a baseline, market projections were developed for 2011 through These projections are based on a combination of a consensus among the opinion leader contacts interviewed combined with understanding of the key market drivers and their impact from a historical and analytical perspective. The analytical methodologies used to generate the market estimates are based on penetration analyses, similar market analyses, and delta calculations to supplement independent and dependent variable analysis. All analyses are displaying selected descriptions of products and services. This research includes referencde to an ROI model that is part of a series that provides IT systems financial planners access to information that supports analysis of all the numbers that impact management of a product launch or large and complex data center. The methodology used in the models relates to having a sophisticated analytical technique for understanding the impact of workload on processor consumption and cost. WinterGreen Research has looked at the metrics and independent research to develop assumptions that reflect the actual anticipated usage and cost of systems. Comparative analyses reflect the input of these values into models. The variables and assumptions provided in the market research study and the ROI models are based on extensive experience in providing research to large enterprise organizations and data centers. The ROI models have lists of servers from different manufacturers, Systems z models from IBM, and labor costs by category around the world. This information has been developed from WinterGreen research proprietary data bases constructed as a result of preparing market research studies that address the software, energy, healthcare, telecommunicatons, and hardware businesses. YOU MUST HAVE THIS STUDY

7 LED Lighting: Market Shares, Strategy, and Forecasts, 2013 to 2019 Table of Contents Table of Contents LED Lighting Executive Summary The study is designed to give a comprehensive overview of LED Lighting equipment market segment. Research represents a selection from the mountains of data available of the most relevant and cogent market materials, with selections made by the most senior analysts. Commentary on every aspect of the market from independent analysts creates an independent perspective in the evaluation of the market. In this manner the study presents a comprehensive overview of what is going on in this market, assisting managers with designing market strategies likely to succeed. LEDs Promise to Revolutionize the Lighting Industry 27 LED Lamps Market Driving Forces 28 Light-Emitting Diodes Transform The Business Of Illumination 30 LEDs Are Economical 30 LED Lamps Durability 32 LED Market Shares 34 LED Lighting Market Forecasts 36 LED Lighting Market Shares And Market Forecasts 1. LIGHT EMITTING DIODE (LED) LIGHTING MARKET DYNAMICS AND MARKET DESCRIPTION LEDs Replace Traditional Incandescent Light Bulb Next Generation, High-Efficiency, Cost-Saving LED Lighting LED Products LED Quality Standards Life-Cycle Assessment of Energy and Environmental Impacts of LED LED Substrates Global Economy The IT Market New World Order Built On The Globally Integrated Enterprise 60 LED Lighting Market Shares And Market Forecasts 2 LIGHT EMITTING DIODE (LED) LIGHTING MARKET SHARES AND

8 MARKET FORECASTS LED Lamps Market Driving Forces Light-Emitting Diodes Transform The Business Of Illumination LEDs Are Economical LED Lamps Durability LED Market Shares Lighting Industry Market Share Commentary on LED Technology Shifts Philips Lumileds Philips Targets Lighting for Underdeveloped Regions Cree Cree Manufacturing Cree Cree Emerging Markets GE Lighting Solutions GE ROI for LEDs GE Installs Municipal Lighting Acuity Brands Enhances Popular Lithonia Lighting TWH and TWP Luminaires with LED Technology Toshiba Lighting Technology QD Vision Lighting Science Group Lighting Science Group Bridgelux LED Arrays Albemarle LED Lighting Market Forecasts LED Lighting, Unit Shipments LED Light Market Penetration, Market Forecasts General Lighting and LED Lighting Installed Base and Market Penetration Comparison of LED vs. Incandescent Overall Costs Relative ROI Incandescent Lights Compared to LED Lights Energy Star Qualified LED Lamps Increasing Over Time LED Lighting Business Models Shift LED Market Description LED Markets, Lighting, LCD and TV Displays, Automotive, Cell Phones, Notebooks, Tablets and Displays LED Market Growth LED LCD TVs LED Die Surface LED Reflector Lamps LED Energy Reduction LEDs in LCD Backlighting LED Prices Top Ten USA LED Lamps Ratings and Prices LED Regional Market Analysis Japan Cree Revenue by Regional Segment China China Controls Vast Majority Of The Rare-Earth Materials 126 LED Lighting Product Description 3. LED LIGHTING PRODUCT DESCRIPTION Lighting Science Group Lighting Science Group A19 / A60 Omni Lighting Science Group BR Lighting Science Group DFN19 / A60 130

9 3.1.4 Lighting Science Group PAR Lighting Science Group BayLight Lighting Science Group BayLume Solid State Lighting Systems Solid State Lighting Systems Tilelite Solid State Lighting Systems LED Pool Lights Solid State Lighting Systems Quad Tilelite BridgeLux Bridgelux LS Arrays Bridgelux ES Arrays Bridgelux RS Arrays Bridgelux VeroTM Array Series Cree Cree CR80-650L Cree CR Cree 304 Series Interior Cree CR80-650L LED Microsensor NT LED Microsensor NT Light Emitting Diodes for nm spectral range LED Microsensor NT Light Emitting Diodes for nm spectral range LED Microsensor NT LED Chip Design Osram Sylvania Osram Sylvania Integrated LED Lamps Osram Sylvania LED Modules & Arrays Osram Sylvania OPTOTRONIC Overview Acuity Brands Lighting Acuity Brands Indoor LED Solutions Acuity Brands DOM6 LED Acuity Brands REALITY 6" LED Module Acuity Brands ELM2 LED GE Lighting Solutions GE ROI for LEDs GE Lumination LED Luminaires - EP Series GE Tetra AL GE Tetra minimax Philips Lumileds Philips Limileds LUXEON A Philips Limileds SignalSure Philips Limileds SnapLED Philips Lumileds Quality White Lighting with LEDs Toshiba Toshiba Lighting Technology Toshiba Lighting the Way Litecontrol Litecontrol Wall Arcos LED Litecontrol Aerial Intematix Intematix ChromaLit Intematix LED Phosphors iwatt iwatt iw iwatt iw QD Vision QLEDs QLED Technology In Full-Color Displays And Lighting Devices QD Vision QLEDs -- The Future QD Vision QLED Technology 199

10 3.15 Prolighting TCP ProLighting LED Light Bulbs ATG Electronics Utech LED Advantech Lighting Solutions / NaturaLED GreeneLED Lighting Science Group Light KIW Verbatim NuVue Bridgelux LED Products Albemarle Larson Nichia Toyoda Gosei Epistar 241 LED Lighting Technology 4 LED LIGHTING TECHNOLOGY Light-Emitting Diodes LEDs Institute of the Edison Foundation IEE Measures LED lamps IEE Names Lighting Science(R) to Top Ten LED Lamp List Utility Investments In Electric Efficiency Programs LED PAR38 Best in Class LEDs Devices Use Semiconductor Materials TriMethyl Gallium (TMG) Triethylgallium (TEG) Trimethylaluminum (TMA-PG) Trimethylgallium (TMG) LED Colors and Common Chemistries Lighting Controls LED Environmental Dimension Biologically Effective Lighting Safety Dimension LED Manufacturing Is A Very Complex And Highly Technical Process Lighting Efficiency Comparison LED Lighting Standards 274 LED Lighting Company Description 5 LED LIGHTING COMPANY DESCRIPTION Acuity Brands Lighting Acuity Brands Enhances Popular Lithonia Lighting TWH and TWP Luminaires with LED Technology Advantech Lighting Solutions / NaturaLED Albemarle Albemarle Catalysts Albemarle Discussion Albemarle Discovery in Lithium Carbonate Production Albemarle Commercial Technology Services Albemarle Pretreat Catalysts 289

11 5.3.6 Albemarle Revenue ATG Electronics Avances Lumínicos Plus S.A. de C.V BridgeLux Cree Cree LED Lighting Cree Power and Wireless Devices Cree Sets New R&D Performance Record with 276 Lumen-Per-Watt Power LED Cree Business Cree LED Lighting Products Cree Product Revenues by Reportable Segment Cree LED Products Segment Cree LED Chips Cree LED Components Cree Lighting Products Segment Cree Power and RF Products Segment Cree Power Devices Cree RF Devices Cree LED Research and Development Cree Financial Information about Geographic Areas of Customers and Assets Emcore Emcore Broadband: Epistar Epistar Revenue Epistar Led the LED Era Everlight Everlight Revenue GE Lighting Solutions GE Tetra EdgeStrip and Tetra ministrip among Top 10 products of 2012: EDC Magazine GE Evolve LED Fixtures Reduce Auto Dealership's Energy Costs by $49,000 Annually GE Scorecard GE Manufactures Electrical Distribution And Control Products, Lighting And Power Panels, Switchgear And Circuit Breakers GE Home & Business Solutions GE Offers Major Home Appliances GE Lamps GE Lighting Solutions GE Healthcare GE Healthcare Regional P&Ls GE Key Medical Care Areas: Cardiology GE Neurology GE Emergency Medicine GE Oncology GE Women s Health GE Healthcare Oxygen Humidifier GE Healthcare Air/O2 Blender GE M2100 Air/O2 Blender IEE Intematix Intematix Remote Phosphor Takes Lead in LED High Bay Lighting Performance Intematix Phosphor Technology Intematix ChromaLit Technology iwatt iwatt Flickerless SSL LED Driver is Optimized for Commercial Lighting and Wireless Lighting Larson LED Microsensor NT 343

12 LED Microsensor NT Technology LED Microsensor NT Quality Lighting Science Group IEE Names Lighting Science(R) to Top Ten LED Lamp List Lighting Science Group Files 71 New Patents in Lighting Science Group Business Lighting Science Group Customers Lighting Science Group Products Lighting Science Group Target Markets And Customers Lighting Science Group Strategic Plan Lighting Science Issues Recall of 554,000 LED Bulbs Because Of Fire Hazard Lightkiwi, LLC Litecontrol Litecontrol Mission Litecontrol Aerial Boasts Direct-specific Optical Design Mitsubishi / Verbatim Verbatim Brand Verbatim LED Future Developments Newport Corporation / ILX Lightwave Newport Markets Newport Corporation / ILX Lightwave ILX Lightwave Product Innovation Nichia Nichia Patent Actions Osram AG Osram Sylvania Osram Sylvania Automotive Lighting Osram Sylvania General Lighting Osram Sylvania Electronic Control Systems Osram Sylvania Display / Optic Lighting Osram Sylvania Canada Osram Sylvania Basic Data Osram Revenue Segments Osram Revenue by Segments Philips Lumileds Philips Lumileds Quality White Lighting with LEDs Philips Is World Leader In Cardiology Philips Lumileds Pluz S.A. de C.V. / NuVue NuVue Prolighting TCP QD Vision Siemens Siemens Computed Tomography - Multislice CT Siemens Financial Transparency Siemens Urban Development Center The Crystal In London - Exhibition Dedicated To Cities Siemens No. 1 in Sustainability Carbon Disclosure Siemens Q3 2012: Revenue Growth in Challenging Markets Siemens Financial Highlights: Siemens Supplies 300 Offshore Wind Turbines to DONG Energy Solid State Lighting Systems Sony Sony HD OLED panels Soraa Inc TCP Thorlabs Thorlabs Acquires QCL Manufacturer Maxion Technologies 392

13 1.5.4 Maxion Technologies Maxion Technologies Maxion Technologies Maxion and the University of Maryland, Baltimore County Toshiba Toshiba World-Leading Diversified Manufacturer Toshiba Medical Systems Toshiba America Medical Systems Toyoda Gosei 402 LED Lighting List Of Tables and Figures Table ES-1 31 LED Lamps and Bulbs Market Driving Forces 31 Table ES-2 35 LED Lamps Durability Drives Market Growth 35 Figure ES-3 37 Light Emitting DIodes (LED) Lights Market Shares, Dollars, Table ES-4 39 LED Lights Market Forecasts, Dollars, Shipments, Worldwide, Table LED System Dimension 43 Table LED Design Dimension 44 Figure LED Design Strength 45 Table LED Quality Standards 46 Figure LED Quality Dimension: Standards and Regulations 47 Table LED Backlight TV/monitor LEDs Used For Screen Lighting 48 Figure Types of LED Commercial Lighting 49 Figure Life-Cycle Assessment Impacts of the Lighting Lamps Analyzed Relative to Incandescent 51 Figure Life-Cycle Assessment Impacts of the LED Lighting Lamps Analyzed Relative to Impacts Relative To The CFL 53 Figure Lifecycle Energy Use of Different Lights 54 Figure LCA Framework 55 Figure System Boundaries of LED Lifecycle Analysis 56 Figure Comparison of MOCVD Reactor Tray, 6 vs Table LCA Inventory for the 12.5 Watt LED Lamp in 2012 Stage 58 Table LED Lamps and Bulbs Market Driving Forces 64 Table LED Lamps Durability Drives Market Growth 68

14 Figure Light Emitting DIodes (LED) Lights Market Shares, Dollars, Table LED Lights Market Shares, Dollars, Worldwide, Philips Limileds LUXEON A Features 73 TABLE 2-5 PHILIPS LIMILEDS LUXEON A FEATURES Freedom From Binning 3 SDCM Hot tested at Tj 85 C 2700K and 3000K CCT and CRI of 85 Superior efficacy and light output Specified color over angle Proven LUXEON reliability Source: WinterGreen Research, Inc. 73 Table Figure Albemarle LED Positioning 81 Table LED Lights Market Forecasts, Dollars, Shipments, Worldwide, Table LED Lighting, Dollars, Shipments, Worldwide, Table LED Lighting, Units, Shipments, Worldwide, Figure Projected LED Materials Growth 88 Figure LED Light Market Penetration, Market Forecasts Percent, Worldwide, Figure LED Lights, Units, Shipments, Installed Base, and Market Penetration, Worldwide, Figure Comparison of LED vs. Incandescent Overall Costs for 50,000 Hours of Luminscence, Dollars, Table LED Lights ROI Analysis Dollars, Worldwide, Figure Incandescent Light Bulb Costs for 50,000 Hours of Light, Dollars, Figure Light Emitting Diodes (LEDs) Market Segments, Dollars, Figure Incandescent and LED Lighting ROI Comparison, Energy, Maintenance, and Investment Dollars, Worldwide, Figure Energy Star Qualified LED Lamps Increasing Over Time 99 Table LED Lighting Business Models Shift 101

15 Table Mega Trends: LED Market Adoption 102 Table LED Uses: Backlight TV/monitor LEDs Used For Screen Lighting 103 Table LED Markets, Lighting, LCD and TV Displays, Automotive, Cell Phones, Notebooks, Tablets and Displays, Dollars and Units Shipments, Worldwide, Figure Common Uses of Reflector Lamps 107 Table Lighting Energy Dimension 109 Figure LED Lighting Regional Market Segments, Dollars, Table LED Lighting Regional Market Segments, Dollars, Table LED Lighting Global Trends 122 Table Cree Revenue by Country Percent, Worldwide, Figure Lighting Science Group A19 / A60 Omni 128 Table Lighting Science Group A19 / A60 Omni Features 129 Figure Lighting Science Group BR Figure Lighting Science Group DFN19 / A Figure Lighting Science Group PAR Figure Lighting Science Group BayLight 132 Table Lighting Science Group BayLight Features 133 Figure Lighting Science Group BayLume 134 Table Lighting Science Group BayLume Features 135 Figure Solid State Lighting Systems Tilelite 136 Figure Solid State Lighting Systems LED Pool Lights 137 Figure Solid State Lighting Systems Quad Tilelite 138 Figure Bridgelux LS Arrays 139 Table Bridgelux LS ArraysFeatures 140 Figure Bridgelux ES Arrays 141 Table Bridgelux ES Arrays Features 142 Figure Bridgelux RS Arrays 143

16 Figure Bridgelux RS Arrays Features 144 Figure Bridgelux VeroTM Array Series 145 Table Bridgelux VeroTM Array Series Features 146 Figure Cree CR80-650L 147 Figure Cree CR4 148 Figure Cree 304 Series Interior 149 Figure Cree CR80-650L 150 Figure LED Microsensor NT Light Emitting Diodes for nm spectral range 151 Table LED Microsensor NT Light Emitting Diodes for nm spectral range Features 152 Figure LED Microsensor NT Light Emitting Diodes for nm spectral range 153 Table LED Microsensor NT Light Emitting Diodes for nm spectral range 154 Figure LED Microsensor NT LED Chip Design 154 Table LED Microsensor NT LED Chip Design Features 155 Figure Osram Sylvania Integrated LED Lamps 156 Figure Osram Sylvania LED Modules & Arrays 157 Figure Acuity Brands DOM6 LED 159 Figure Acuity Brands REALITY 6" LED Module 160 Figure Acuity Brands ELM2 LED 161 Figure GE Lumination LED Luminaires - EP Series 163 Table GE Lumination LED Luminaires - EP Series Features 164 Figure GE Tetra AL Table GE Tetra AL10 Features 166 Table GE Tetra minimax Features 167 Table Philips Limileds LUXEON A Features 168 Table Philips Limileds SignalSure Uses 169 Table Philips Limileds SnapLED Uses 170 Table

17 Philips LUXEON D Mid-Power LED Features 170 Table Toshiba offers TLS-RTLS and TLS-RTLM LED Roadway Lighting Features 173 Table Toshiba LED Lighting Features 175 Table Toshiba LED Lighting Applications 176 Table Toshiba LED Lighting Construction 176 Table Toshiba LED Lighting Mounting 177 Table Toshiba LED Lighting Optics 178 Table Toshiba Roadway LED Key Benefits 180 Table Toshiba LED Lamps 181 Figure Litecontrol Wall Arcos LED 185 Table Litecontrol Wall Arcos LED 186 Figure Litecontrol Aerial 187 Figure Intematix ChromaLit 188 Table Intematix ChromaLit 189 Table QLED Benefits For The Solid State Lighting 192 Figure QD Vision QLED performance 194 Table QLED Technology Benefits In Color Displays / Lighting Devices 196 Figure QD Vision QLEDS 198 Table QLED Features 199 Figure Prolighting TCP LEDs 201 Figure Prolighting TCP LEDs 203 Figure ATG Electronics LEDs 215 Figure Utech Led Accessories 216 Figure Advantech Lighting Solutions / NaturaLED 218 Figure GreeneLED Sample Products 219 Figure Lighting Science Group LED Lights 220 Figure Lighting Science Group LED Lights 221

18 Table Lighting Science Group MR16 GU10 Features 222 Figure Lightkiwi, LLC. LED Lights 223 Table Verbatim BR30 LED Bulb 224 Figure NuVue MR16 6*1W (7W )Max 225 Figure NuVue.LED 226 Figure Bridgelux LED Arrays 229 Figure Larson Electronics Tower LED Lights 233 Figure Nichia LED Series Offerings 237 Figure Toyoda Gosei Blue LED Technology Products 239 Figure Toyoda Gosei LED Solutions 240 Figure Toyoda Gosei Amusement Equipment LED Solutions 241 Figure Epistar LEDs Lighting Arrangement 242 Figure Epistar LED Lighting Potential 243 Figure Epistar LED Lighting Decorations 244 Figure Epistar LED Lighting 245 Figure Energy Star Qualified LED Lamps 248 Table Utility Investments In Electric Efficiency Programs 249 Source: WinterGreen Research, Inc. 249 Table LED PAR38 and PAR30 Best in Class 250 Table LED PAR30 Best in Class 252 Figure Albemarle Well Positioned To Thrive As LED Market Adoption Occurs 253 Figure Gains from Disruptive Manufacturing Technologies: GaN-on-GaN, GaN-on-Si 255 Figure Soraa Inc LED Large Surface Area To Junction Area 257 Table LED Colors and Common Chemistries 258 Figure Global Lighting Association Solid State Lighting SSL Performance Roadmap 259 Figure LED Lighting Controls 260 Table LED Environmental Dimension 261

19 Source: WinterGreen Research, Inc. 261 Table Biologically Effective Lighting 262 Source: WinterGreen Research, Inc. 262 Table LED Light Benefits 263 Source: WinterGreen Research, Inc. 263 Table LED Biological Dimension Implementation 264 Figure LED Biological Dimension Illustration 265 Figure General Types of White Light Emitting Diodes LEDs 267 Figure Stages And The Major Steps of LED Manufacturing 270 Figure Steps Associated with Sapphire Wafer Substrate Manufacture 271 Figure Philips Example of Finished Packaged LED 272 Figure Efficacy of Conventional Light Sources Versus LEDs. 273 Figure ATG Electronics Standards Compliance 274 Figure Albemarle Well Positioned To Thrive As LED Market Adoption Occurs 278 Table Albemarle Business Segments 281 Figure Albemarle Refinery Catalyst Solutions 281 Figure Albemarle Performance Catalyst Solutions 282 Figure Albemarle Global Expansion 283 Table Albemarle Process Additives 287 Figure ATG Electronics Headquaters in California 295 Table Cree Lighting Portfolio Of Lighting Products Applications. 304 Table Cree LED Research and Development Issues 306 Figore Epistar Management s Beliefs 310 Figure GE Scorecard 319 Figure GE Healthcare Oxygen Humidifier 330 Table GE Healthcare Oxygen Humidifier 331 Figure GE Healthcare Air/O2 Blender 332 Figure Intematix ChromaLit 337

20 Table Intematix ChromaLit Future Features 338 Table iwatt Mission 339 Table iwatt iw3630 Key Features 342 Figure Semiconductor wafer after the photolitography stage 344 Table Litecontrol Values 356 Table Osram Sylvania Business Sectors 366 Table Osram Sylvania Basic Data 369 Figure Osram Sylvania Revenue 371 Table Nu Vue Lighting LLC Strategic Positioning 379 Figure Siemens Somatom Computed Tomography CT 383 Table Soraa GaN on GaN LEDs Benefits 391 Table Maxion Technologies Laser Product Segment Positioning 397 Figure Toshiba CT Scan Roadmap for Dose Reduction 401 Figure Toshiba CT 402 Figure Toyoda Gosei Business Performance 403 Figure Toyoda Gosei Business Performance 404 Figure Toyoda Gosei Principal Customers 405

21 ABOUT THE COMPANY WinterGreen Research, founded in 1985, provides strategic market assessments in telecommunications, communications equipment, health care, Software, Internet, Energy Generation, Energy Storage, Renewable energy, and advanced computer technology. Industry reports focus on opportunities that expand existing markets or develop major new markets. The reports access new product and service positioning strategies, new and evolving technologies, and technological impact on products, services, and markets. Innovation that drives markets is explored. Market shares are provided. Leading market participants are profiled, and their marketing strategies, acquisitions, and strategic alliances are discussed. The principals of WinterGreen Research have been involved in analysis and forecasting of international business opportunities in telecommunications and advanced computer technology markets for over 30 years. The studies provide primary analytical insight about the market participants. By publishing material relevant to the positioning of each company, readers can look at the basis for analysis. By providing descriptions of each major participant in the market, the reader is not dependent on analyst assumptions, the information backing the assumptions is provided, permitting readers to examine the basis for the conclusions. WinterGreen Research is positioned to help customers facing challenges that define the modern enterprises. The increasingly global nature of science, technology and engineering is a reflection of the implementation of the globally integrated enterprise. Customers trust wintergreen research to work alongside them to ensure the success of the participation in a particular market segment. WinterGreen Research supports various market segment programs; provides trusted technical services to the marketing departments. It carries out accurate market share and forecast analysis services for a range of commercial and government customers globally. These are all vital market research support solutions requiring trust and integrity. ABOUT THE PRINCIPAL AUTHORS Ellen T. Curtiss, Technical Director, co-founder of WinterGreen Research, conducts strategic and market assessments in technology-based industries. Previously she was a member of the staff of Arthur D. Little, Inc., for 23 years, most recently as Vice President of Arthur D. Little Decision Resources, specializing in strategic planning and market development services. She is a graduate of Boston University and the Program for Management Development at Harvard Graduate School of Business Administration. She is the author of recent studies on worldwide telecommunications markets, the top ten internet equipment companies, the top ten contract manufacturing companies, and the Top Ten Telecommunications market analysis and forecasts. Susan Eustis, President, co-founder of WinterGreen Research, is a senior analyst. She has done research in communications, healthcare equipment, and computer markets and applications. She holds several patents in microcomputing and parallel processing. She has the original patents in electronic voting machines. She has new patent applications in format varying, mulitprocessing, and electronic voting. She is the author of recent studies of the Internet, Cloud Computing marketing strategies, Internet equipment, biometrics, a study of Helathcare Equipment, Worldwide Telecommunications Equipment, Top Ten Telecommunications, Digital Loop Carrier, Web Hosting, Web Services, and Application Integration markets. Ms. Eustis is a graduate of Barnard College. Ms. Eustis was named Top Woman CEO in 2012 by Who s Who Worldwide. She was named Top Woman Market Research Analyst the same year.

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