HID Lamps Steadily Lose Share to LEDs in Outdoor Lighting Applications, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) March 04, 2015 -- Follow us on LinkedIn – Global sales of HID lamps are declining as a result of the competitive threat of substitution posed by the LED lighting technology. With rising energy costs, consumers around the world are increasingly seeking to reduce energy consumption across all lighting applications. The growth in the HID lamps market is restrained by the technology’s energy efficiency and environmental concerns. Research, over the last couple of decades, has yielded improved lighting technologies that provide superior luminescence, while simultaneously consuming less energy. Light Emitting Diodes (LEDs) lighting technology is a semiconductor based lighting solution that offers significant energy efficiency, durability, and performance benefits over the HID technology.
Although HID bulbs offer higher luminous efficiency and energy efficiency than traditional incandescent bulbs, these bulbs tend to degrade more rapidly than other light sources in terms of light output and efficacy. Though originally intended for high-bay/high-ceiling and outdoor applications, use of HID bulbs spread to retail applications with the introduction of Ceramic Metal Halide (CMH) bulbs that offered superior color rendering than its predecessors. HID is a dominant technology used in street lighting applications. However, LED lighting is gradually cannibalizing market opportunities in this space, supported by continued research and technological advancements that promise to make LEDs an ideal alternative to HID bulbs in the future. Additionally, HID bulbs are facing the impending threat from high efficiency plasma lights. Advanced plasma light sources offer numerous benefits over HIDs as well as LEDs. Lower maintenance costs and rugged architecture for long burning life make high efficiency plasma bulbs an ideal replacement for incumbent HID.
As stated by the new market research report on High Intensity Discharge (HID) Bulbs, Asia-Pacific represents the largest market worldwide, supported by the presence of price sensitive countries in East Asia. In these countries, proliferation of LEDs is slow and gradual with HID bulbs still continuing to be used in infrastructure facilities such as stadiums, large public areas, movie theatres, roadways, pathways, parking lots, and warehouses, among others.
Key players covered in the report include Acuity Brands Inc., Bulbrite Industries Inc., Contrac Lighting, Crompton Greaves Ltd., EYE Lighting International of North America Inc., Feit Electric Company, General Electric Company, Halonix Limited, Havells India Limited, Koninklijke Philips N.V., Larson Electronics LLC, Litetronics International Inc., NVC Lighting Technology Corporation, PIAA Corporation, OSRAM GmbH, Surya Roshni Ltd. and USHIO America Inc., among others.
The research report titled “High Intensity Discharge (HID) Bulbs: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive analysis of trends, market share, market size and demand forecasts, product launches, acquisitions and other strategic industry activities. The report provides market estimates and projections in US dollars for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil, and Rest of Latin America).
For more details about this comprehensive market research report, 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 1500+ 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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