A nearly 300-page report released by Strategies Unlimited, 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 lighting market. It provides application analysis 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 luminaires 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 luminaire market.
In recent years, LED technology has made impressive performance gains, which in turn have improved the efficacy of LED luminaires. In the forecast period 2008-2012, white LED luminaires will make gains in market share as the best commercially available high-performance white LEDs move beyond luminous efficacies of 100 lumens/W. Further improvements in designing luminaires that can optimize LED operation are expected to drive the growth in LED luminaire market. Both recessionary pressures and mass manufacturing of LED luminaires will further reduce the cost of manufacturing. 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, corresponding to a compound annual growth rate 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 luminaires. However, many challenges face the LED industry to accomplish that goal, all of which are discussed in the report.
To learn more about the report, available for $4,950, contact Tim Carli, Sales Manager for Strategies Unlimited, at 650.941.3438 x23, or by e-mail here.
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