Albany, NewYork (PRWEB) October 09, 2013
Sales of LEDs that outpace incandescent bulbs in North America are expected to soon completely eliminate incandescent bulbs. The LED lighting market is anticipated to grow 45% per year through 2019. The LED lighting market at $4.8 billion in 2012 is anticipated to go to $42 billion by 2019. The reason is the declining price points, the increased interest by the channel in pushing LEDs to consumers. LEDs provide the best lighting solution. The phase out of incandescent lights has begun; the onset of LED command of the market is upon us.
LED Lighting Market report is designed for clients needing a quality in-depth understanding of the LED Lighting Market report. These reports provide a much more granular and detailed data set than our competitors. All data have been researched, brand upwards, by an experienced ''on-the-ground'' industry analyst who conducts face-to-face interviews with key producers, leading companies in allied industries, distributors and retailers.
WinterGreen Research announces that it has published a new study, LED Lighting: Market Shares, Strategy, and Forecasts, Worldwide 2013 to 2019. Next generation lighting achieves a complete replacement of incandescent filament bulbs with LED lighting that is more energy-efficient, lasts longer and has a significantly lower cost of operation.
LED lighting decreases labor costs of replacing bulbs in commercial situations. The LED bulbs are implementing new semiconductor technology. The 2013 study has 403 pages, 183 tables and figures. Worldwide LED lighting markets are poised to achieve significant growth as buildings and communities lead the way in implementing the more cost-efficient systems. In some cases, the utility plants are providing funding and financing so that lighting users can make the shift to LED lighting.
LED lamps lower the overall cost of lighting. LED lighting costs are less than the costs of incandescent lights. LED lamps offer up to 50,000 hours of illumination with a fraction of the energy used by traditional incandescent bulbs. LED bulbs generate 90% less heat than incandescent bulbs. LED bulbs extend time between bulb replacements. The bulbs are used to achieve a near zero-maintenance lighting system.
LED lighting products are coming to market rapidly. Suppliers carry up to 150 different LED bulb and lamp styles to fit the various needs of consumers and businesses.
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LED PAR lamps dominate the ENERGY STAR qualified product list, so back in 2012 IEE partnered with TopTen USA and Ecova to develop recommendations for top performing PAR38 and PAR30 LED lamps. The team developed an evaluation protocol that starts with the lamps found in ENERGY STAR's list, to which we applied product criteria screens and testing to a subset of lamps to determine the 10 top performers. Efficiency along with aesthetics, payback period, and dimming performance were key criteria to the ranking.
LED lighting products compete with traditional lighting technologies on the basis of the numerous benefits of LED lighting relative to such technology including greater energy efficiency, longer lifetime, improved durability, increased environmental friendliness, digital controllability, smaller size, directionality and lower heat output.
LED lighting products face competition in the general lighting market from both traditional lighting technologies provided by numerous vendors as well as from LED-based lighting products provided by a growing roster of industry specialized participants.
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The emergence of cost-competitive LEDs has caused a "paradigm shift" in the lighting industry that has changed everything. The LED lighting industry rapid technological change has been brought by enormous changes in the regulations affecting lighting. Short product lifecycles are a result of new manufacturing and materials science that are the result of companies trying to improve the economies of scale to make price points more attractive to customers.
According to Susan Eustis, leader of the team that prepared the study, "Frequent product introductions have characterized the LED lighting industry. There is a highly competitive pricing environment with the current price point of $10 in 2013 per light about to decline to $6 per light. These market characteristics increase the need for continuous innovation."
This LED lighting shipment analysis is based on consideration of the metrics for the total number of lights shipped with a likely penetration analysis. Interviews with distributors, vendors, and users provide means for triangulation of data to achieve an accurate look at the market. Interviews include contact with distributors and analysts worldwide.
OLED vs LED Lighting Market 2013-2023
The market will grow to 1.3 billion USD in 2023 and initially grow at a rapid rate of 40-50% annually, although the initial market base in very small. Contextualise our assessment by expressing our market forecast in units of equivalent 60W incandescent bulbs. Assess the implications of our market forecast for the global capital investment and production capacity. Compare the market size to that of LEDs (including automotive, backplane and residential) at module level. Production capacities are compared too to further set out forecasts in prospective. Methodology is clearly laid out in the report, as are all our underlying assumptions.
The second section offers a blunt market assessment. Detailed cost projection roadmaps are developed, factoring in estimated cost evolution of the integrated substrates, encapsulation layers and materials. Changes in system configuration and material composition required to enable the cost roadmaps are outlined. Also factor in production costs including capital and labour. Values are expressed in units of $/unit and $/klm.
OLED Lighting Opportunities Market 2013-2023
The relative monetary contribution of each lighting market segment to the total OLED market between 2013 and 2023. The market will grow to 1.3 billion USD in 2023 and initially grow at a rapid rate of 40-50% annually, although the initial market base in very small. Contextualise our assessment by expressing our market forecast in units of equivalent 60W incandescent bulbs. We assess the implications of our market forecast for the global capital investment and production capacity. Compare the market size to that of LEDs (including automotive, backplane and residential) at module level. Production capacities are compared too to further set out forecasts in prospective. Methodology is clearly laid out in the report, as are all our underlying assumptions.
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