San Jose, California (PRWEB) December 10, 2013
Follow us on LinkedIn – GIA invites senior industry executives, domain experts, technologists and market strategists to participate in a comprehensive global research initiative studying the “LED Bulbs” markets. The study will examine key drivers and trends impacting the market such as legislation of energy performance standards; growing focus on reducing lighting electricity consumption in industrial, commercial and residential sectors against a backdrop of escalating energy costs; increasing penetration in the consumer market against a backdrop of aggressive declines in retail prices; emerging new high power applications for LEDs such as in architectural lighting, agricultural lighting and Digital Light Processing (DLP) projectors; and design improvements in LED driver ICs.
Defined as a lighting technology designed for use in lighting fixtures, Light-Emitting Diode (LED) Bulbs comprise of semiconductor diodes that convert voltage to light. A part of the Solid State Lighting (SSL) industry, LED bulbs currently utilize in addition to gallium arsenide, new generation semiconductor materials such as p-phenylenevinyl. With the ability to offer over 85% energy savings as compared to incandescent light bulbs, LED bulbs are being touted as the future of lighting. Escalating energy costs are forcing governments, especially in developing countries, to look for ways to decouple energy demand from economic growth. With lighting accounting for over 1/5th of electricity consumption worldwide, governments are increasingly emphasizing on energy efficiency of lighting solutions. The move to ban incandescent bulbs and halogen bulbs, is expected generate lucrative replacement demand for LED bulbs in the coming years. Falling retail market prices of LED bulbs as a result of growing competition and rising pricing pressures is additionally benefiting market demand. The coming years are forecast to witness over 60% to 80% decline in prices as the incandescent phase-out schedule reaches completion in Europe and the United States.
In the industrial sector, energy and cost reduction goals are driving adoption of LED bulbs in manufacturing plants, warehouses, and cold storage facilities, among others. Technology developments that help improve durability, reliability of LED bulbs in addition to enhancing resistance to harsh environmental conditions such as high temperatures, will help accelerate adoption especially in industrial sheds with heights above 9m. The agricultural sector also represents one of the fastest growing application areas for LED lighting solutions. Agricultural LED Lighting will find increased use in vertical farms, horticulture, greenhouses, gardening, planting and seeding. The emerging concept of indoor farms which revolves around growing crops with artificial lights, will likely drive demand for LED grow lights in the long-term. Development of LED lighting solutions with appropriate light wavelengths that encourage photosynthesis can open up exciting new application possibilities in vertical farming.
The study estimates LED Bulbs to be a multi-million dollar market worldwide, while more precise market-size and growth projections will be made available during the 2nd stage of report preparation, and data analysis.
The research and analyses will be released shortly in the form of a comprehensive research report. The report by design, will attempt to provide exhaustive analysis, data, trends, market share, market size, statistics, forecasts and competitive intelligence. The report is modeled to offer precise and unbiased, actionable market insights including in-depth segmentation of market sub-sectors, demand estimates and projections and analysis of trends in each of the sectors, identification of leading players, and the competitive structure, among others.
Developed for Manufacturers, Strategic Planners, Business Development Executives, Management Consultants, Investment Bankers, Consulting Firms, Marketing & Sales Executives, C-Level Decision Makers, Market Strategists and Technology Domain Experts, the report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants.
For more details about how you can participate, please click here
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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