Global market forecast & analysis: Solid-state lighting illumination with LEDs

Date Announced: 01 Jul 2008 ElectroniCast Consultants, a market & technology forecast consultancy, today announced the release of a new market forecast of the global market consumption of packaged LEDs used in selected solid state lighting (SSL) applications.According to the study results, the global consumption value of solid-state lighting (SSL) illumination incorporating LEDs in 2007 was $283.95 million. The consumption value is forecast to increase to $936.95 million in 2012, with strongly rising quantity growth partially offset by a continuing decline of average prices.The Americas, in 2007, represented a 56% share of worldwide consumption of solid-state lighting (SSL) illumination incorporating LEDs. The American market share is forecasted to increase significantly to 65.6% and increase in value to $614.41 million by 2012.Europe, in 2007, represented a 23% share of solid-state lighting (SSL) illumination incorporating LEDs consumption value. Europe's consumption value (use) through 2012 will increase; however is forecasted to decline in terms of relative market share to 21%. The Asia Pacific region is forecasted to increase in value $58.71 million in 2007 to $127.92 million in 2012. This market forecast report is available for $3,378 from ElectroniCast Consultants. For detailed information on this or other services provided by ElectroniCast, please contact ElectroniCast Consultants specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies and the financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.

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