LED Lighting Fixtures to Make Gains in the Penetration of the Lighting Market
Strategies Unlimited Reports
MOUNTAIN VIEW, CA – A report released by Strategies Unlimited entitled LED Lighting Fixtures –Market Analysis and Forecast, provides a detailed assessment of the market drivers and challenges faced by the LED lighting fixture industry in penetrating the general illumination market. It provides application analyses and forecasts for nine lighting market segments through 2012.
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 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 recent years, LED technology has made impressive performance gains, which in turn have improved the efficacy of LED lighting fixtures. In the forecast period 2008-2012 white LED fixtures will make gains in market share as the best commercially available. As the LED lighting market grows beyond single color and color-changing applications into general illumination applications sable 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. Such as residential, commercial and off-grid applications, and ultimately into outdoor area applications, it is forecast to exceed $5 billion in 2012 , corresponding to a CAGR of 28% from 2008-2012 . By then it will be only be the beginning for the ultimate replacement of conventional light sources, including high-efficiency fluorescent and HID fixtures.
However, many challenges face the LED industry to accomplish that goal, all of which are discussed in the report, LED Lighting Fixtures is available for immediate delivery from Strategies Unlimited. More information on the report is available by contacting Tim Carli, Sales Manager, at +1 650-941-3438 ext. 23, or by e-mail at firstname.lastname@example.org.
Market Analysis and Forecast
Founded in 1979, Strategies Unlimited specializes in market research and strategic consulting directed at the optoelectronics and compound semiconductor industries. The company, based in Mountain View, California, is a research unit of PennWell Corporation. PennWell Corporation, founded in 1910, is a highly diversified media and information company providing authoritative publications, conferences and exhibitions, databases, information products and Internet-based services to strategic markets worldwide. The company publishes over 45 periodicals including LEDs Magazines, Laser Focus World, Lightwave, and Solid State Technology. Its headquarters are in Nashua, NH, and Tulsa, OK, with remote offices and partners located around the globe.