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Title: Challenges and Opportunities for the LED Lighting Fixture Market
Orginally Boradcast: June 24, 2009
Presenter:
Vrinda Bhandarkar, Senior Market Research Analyst, Strategies Unlimited
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OVERVIEW:
In recent years, LED technology has made impressive performance gains, which in turn have improved the efficacy of LED lighting fixtures. The adoption of LED lighting fixtures in the general lighting market will require a new way of looking at lighting, and the value of lighting. The webcast will discuss the drivers and challenges that affect the emerging LED lighting fixture industry.
SPONSORS:
Avnet Electronics Marketing Avnet Electronics Marketing is one of the world's largest technology marketing, distribution and services companies. In addition to offering a broad array of electronic components from leading manufacturers, Avnet also provides engineering design-chain services combined with world-class supply-chain services to its customers globally. Truly focused on exceeding your needs and expectations, Avnet is a company dedicated to giving you Support Across the Board. For more information, please visit the Avnet Electronics Marketing website.
MaximMaxim is a worldwide leader in the design, development, and manufacture of analog, mixed-signal, high-frequency, and digital integrated circuits. We serve approximately 35,000 customers worldwide and have developed and marketed over 6,000 products. A leading supplier of high-brightness (HB) LED drivers, Maxim offers switch-mode/linear drivers for a wide range of lighting applications such as automotive, illumination (MR16, offline, and DC-input), signage, and television and LCD display backlights. Our innovative lighting solutions are flexible and robust with wide input-voltage and output-power ranges. For more information, please visit the Maxim website.
MORE DETAILS:
Vrinda Bhandarkar is a Senior Market Research Analyst with Strategies Unlimited, the World’s Leader in Photonics Market Research. In recent years, LED technology has made impressive performance gains, which in turn have improved the efficacy of LED lighting fixtures. The adoption of LED lighting fixtures in the general lighting market will require a new way of looking at lighting, and the value of lighting. The webcast will discuss the drivers and challenges that affect the emerging LED lighting fixture industry.
- Through 2007, LED lighting applications included niche markets such as exit signs, architectural lighting, accent and decorative lighting, and entertainment lighting, many of which used red, green, and blue LEDs.
- However, white LED fixtures have begun to capture a strong market position in selected applications such as consumer portable lighting (e.g. flashlights, headlamps) and solar landscape lighting, and more recently have begun to be used on a limited basis in applications such as retail display lighting, commercial and industrial lighting, and outdoor area lighting.
- In 2008, white LED fixtures accounted for just over 50% of the total LED lighting fixture market. The penetration of white LED lighting fixtures into general illumination applications will accelerate when such fixtures offer quantifiable energy and cost savings relative to the use of conventional light sources.
- In the period 2008-2012 white LED fixtures will make gains in market share as the best commercially available high performance white LEDs move beyond luminous efficacies of 100 lumens per watt.
- Further improvements in designing fixtures that can optimize LED operation are expected to drive the growth in LED lighting fixture market. Both recessionary pressures and mass manufacturing of LED lighting fixtures will further reduce the cost of manufacturing, offering a unique opportunity in these challenging times.
- As the LED lighting market grows beyond single color and color-changing applications into general illumination applications such as residential, commercial and off-grid applications, and ultimately into outdoor area applications, it is forecast to exceed $5 billion in 2012.
- By then it will only be the beginning for the ultimate replacement of conventional light sources, including high-efficiency fluorescent and HID fixtures.
