Loading...
News Article

Market for LED Luminaires Over $3.8 Billion in 2010

Strategies Unlimited says that growth rates among applications vary, but the global market for LED luminaires is expected to grow to $8.3 billion by 2014.

Rapid improvements in performance and price of commercially available high brightness LED packages, heightened awareness about energy efficiency, phasing out of incandescent bulbs, and fiscal stimulus undertaken globally have created conditions for adoption of white light application of LED technology,  which otherwise would have faced the low-volume-high-cost conundrum.

Quality issues that affected the market penetration of previous energy efficient lighting technologies continue to affect this market but the resolve to reduce energy consumption is likely to propel this technology to be widely commercialised and adopted by the market.

The LED Luminaires, Market Analysis & Forecast includes nine LED lighting application segments and analysis for the period from 2008 to 2014.

Being the most efficient light source technology for applications requiring a directional beam of light and batteries, consumer portable applications were the largest segment of the LED luminaire market in 2010. The quality of LEDs has improved to a point that performance is no longer an issue. The issue now is the price of designing LEDs into luminaires.

Colour and colour- changing application in architectural and entertainment applications together had revenues more than $1 billion in 2010. Residential lighting, the fastest growing segment of the market, starting from a small base, is forecast to grow at a CAGR of 44% through 2014.

Global revenues for LED luminaires in commercial and industrial applications are expected to be more than $1 billion in 2011. The outdoor area lighting applications, which benefitted from fiscal stimulus and the need for energy conservation, are expected to grow at a CAGR of 38% through 2014. Solar powered lanterns will be a low margin-high volume application assisted by NGOs and governments trying to save fuel subsidies.

The revenues for this sub-segment are forecast to grow at a CAGR of 58% for the same period. LED exit signs have become a mature market in the U.S. and are in the initial stage of market penetration in white light application in egress signage lighting outside the U.S. China is the largest market as well as the largest supplier of LED luminaires.
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
x
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: