Glen Allen, VA (PRWEB) May 31, 2012
Industry analyst firm NanoMarkets announces the release of a new report, titled “Market Opportunities for LED Phosphors in Lighting Applications 2012,” that analyzes the moneymaking opportunities for LED phosphor suppliers in the lighting sector over the next eight years. NanoMarkets estimates that the total market value of LED phosphors used in lighting applications will grow from about $525 million in 2012 to a value of over $730 million by 2015 and to over $1.6 billion by the end of the forecast period in 2019. This growth represents a CAGR of over 17 percent over the eight-year forecast period.
Additional details about the report are available at: http://www.nanomarkets.net/market_reports/report/led_phosphor_markets_2012
About the Report:
This new NanoMarkets report provides an in-depth analysis and forecast of the LED phosphor market in the next eight years as it relates to the fabrication of white LEDs for lighting applications. It builds off the extensive experience that NanoMarkets has in the area of solid-state lighting and related materials. The report examines some of the latest market strategies, products and technical developments in the area of LED phosphors, and it identifies how performance improvements are growing some addressable markets for phosphors, especially in the general illumination segment(s). The report also includes NanoMarkets’ assessments of the strategies of several of the leading firms active in the LED phosphors space, and, as always with NanoMarkets reports, this report contains granular eight-year forecasts of the inorganic LED phosphors shipments in both volume and value terms, with breakouts by type of phosphor and by phosphor deposition technology.
Key players mentioned in the report include Seoul Semiconductor, Intematix, Mitsubishi, Nichia, Toyoda Gosei, Dow, Osram, GE, Philips, and others.
From the Report:
A major shift toward more efficient, long-lifetime LED lighting is underway and is expected to continue over next decade, with many governments around the world using the regulatory process to mandate higher efficiency lighting products. During this period, LED phosphor suppliers will enjoy an expanding market for their products, especially in the general illumination sectors. At the same time, the market value for LED phosphors in display backlighting is expected to decline, as growth in the underlying display markets are not expected to keep up with advancements that are leading to fewer LEDs-per-device and, hence, reduced consumption of phosphor materials.
NanoMarkets believes that the moneymaking opportunities for LED phosphor suppliers are centered on the following interrelated key characteristics. First, LED phosphors that provide better luminous efficacy, such as through higher internal quantum efficiency or reduced down-conversion loss, will help LED lighting better compete with fluorescent lighting for market share. Second, phosphors that provide better color rendering are also still in demand, especially in the general illumination and display backlighting markets, where LEDs still perform poorly in comparison to the traditional incandescent lighting. Finally, phosphors and phosphor blends that enable LED lighting component manufacturers to better provide application-specific color temperatures are also needed.
NanoMarkets tracks and analyzes emerging market opportunities in solid-state lighting, energy, electronics and other markets created by developments in advanced materials. Visit http://www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.