The Market for High-Brightness LEDs in Lighting Applications: Market Review and Forecast 2014
Report Price: $5,250
Publish Date: January 2014
The market for high-brightness LEDs has grown as technology has improved. As concerns about global warming continue to mount and energy prices fluctuate, governments and consumers alike will seek alternative, more efficient energy solutions.
- Government mandates that either restrict incumbent lighting technologies or push the usage of LEDs will be one of the greatest factors driving growth in the LED lighting market in the future. The 2014 implementation of a required phase out of certain incandescent bulbs in the United States will increase market penetration of LEDs.
- HB LED prices have fallen over the last several years, reducing the price of LED lamps and luminaires.
- This decrease in prices will slow as higher-priced Super High Power (SHP) LEDs increase market penetration. By 2017, SHP LEDs are forecasted to be included in 50% of all lighting shipments.
- Cost, not LED efficacy, is the gating factor for LED applications, as the average efficacy of commercially available LEDs has increased to greater than 100 lumens per Watt.
The report analyzes the market for packaged LEDs used in twelve lighting application segments and offers a forecast through 2017. The latest market size is covered by application, package type used, product type, and geographic region.