-外研归纳总结报告_Nomura_Nomura_LEDlighting：Thefinal-andbiggest-LEDapplicationcomingtoprominence_2010-03-26.pdf

《-外研归纳总结报告_Nomura_Nomura_LEDlighting：Thefinal-andbiggest-LEDapplicationcomingtoprominence_2010-03-26.pdf》由会员上传分享，免费在线阅读，更多相关内容在应用文档-天天文库。

1、LEDlightingThefinal-andbiggest-LEDapplicationcomingtoprominence･LEDlightingmarketreadytotakeofffrombothatechnologyAnalystsandcoststandpointK.YokoyamaC.Tanaka･Marketcouldgrowto$55bnby2015S.NishimuraM.Hirokane･CollectivestrengthskeyforlightingmanufacturersY.OkazakiM.Hagmann･Technolog

2、icalprowesskeyformakersofLEDdevices,E.KatayamaL.RandallmaterialsandMOCVDsystemsM.YamasakiA.LeePleasereadtheimportantdisclosuresandanalystcertificationsonpp.61-64.us26March2010LEDlightingNomuraSecuritiesCoLtd,TokyoJapaneseEquityResearchThefinal—andbiggest—LEDapplicationcomingto26Mar

3、ch2010prominenceJapanesefullreport26MarTheLEDlightingmarketisgenerallyseenasneedingseveralyearsbeforeitfullygetsoffReportno.10-121theground,primarilyowingtohighintroductioncosts,butwebelievethatthemarket'spotentialhasbeenunderestimated.Takingintoaccountluminousefficacyandcostsperlu

4、men,aswellasgovernmentsupportandotherfactors,wethinktheLEDlightingmarketAnalystsislikelytoenteraphaseoffull-fledgedgrowthinthenextyearorso.WeseepotentialforK.YokoyamathemarkettogrowtoUS$55bnby2015,assumingthattheratioofLEDlightingwithinthe+81-3-5255-0565lightingmarketasawholerisest

5、o50%.Webelievetheconditionsneededtoachievek-yokoyama@frc.nomura.co.jpthesefiguresarefullyinplace.Withsuchalargepotentialmarket,thevolumeofhigh-S.NishimuraintensityLEDsneededforlightingwouldlikelyexceedthatforuseinTVs.Iftheyareto+81-3-5255-1641benefitfullyfromwhatweexpecttobesharpgr

6、owthinthemarket,lightingmanufacturerss2-nishimura@frc.nomura.co.jpneedtocapturedemandbydrawingontheirall-aroundcapabilities,whilemakersofLEDY.Okazakidevices,materials,andMOCVDsystemsneedtoleveragetheirtechnologicalprowess.+81-3-5255-0580y-okazaki@frc.nomura.co.jp•LEDsaretheleadingc

7、andidatefornext-generationlightingowingtosmallE.Katayamaenvironmentalimpact:Movestoprohibitsalesofincandescentlamps—oneofthe+81-3-5255-1729mainconventionallightingtypes—owingtotheirlowenergyefficiencyarespreadinge-katayama@frc.nomura.co.jpglobally.Productionoffluorescentlampsmayals

8、obebannedinfuturebecauseof