Light Emitting Diode (LED) Lighting Market Worth $42 Billion by 2019 Forecasts a New Research Report at ReportsnReports.com
Dallas,TX (PRWEB) January 08, 2015 -- LED Lighting: Market Shares, Strategy, and Forecasts, Worldwide, 2014 to 2020 says 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.
According to 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.”
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.
Philips to Sell Lighting Business
Dutch electronics group Philips has attracted bids from several private equity groups for the majority of its lighting components business, up for sale as it focuses on higher-margin activities.
Epistar is working on 200mm technology. Philips, OSRAM, and Samsung are all actively exploring GaN on silicon technology. Market shifts to provide entry points for new competitors. They create significant opportunities for participants to achieve a rapid increase in market share. Shifts in market share are anticipated as vendors move up the value chain to increase returns on investment.
Order a copy of this report at (Prices start at US $3900 for a Single user PDF) http://www.reportsnreports.com/purchase.aspx?name=323117.
There is a move by vendors to provide more pieces of the LED light. In this way they seek to control their margins. Vendors primarily compete with other providers of LED lighting on the basis of product performance, as measured by efficacy, light quality, increased lumen output and reliability. Product cost combined with an acceptable level of quality is always a competitive issue.
LED vendors seek to offer LED lighting products that achieve a lower total cost of ownership and enhanced product quality. The channel looks for a broad product portfolio. Those vendors with a broad product portfolio have access to strong retail channels. Channel strategy is further impacted by OEM relationships. A differentiated product design approach, proprietary technology and deep understanding of lighting applications aids the ability to compete in LED lighting markets.
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.
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.
The emergence of cost-competitive LEDs has caused a "paradigm shift" in the lighting industry that has changed everything. The lighting LED 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.
Market Leaders: Philips, GE Lighting Solutions, Maxion Technologies, QD Vision, Lighting Science Group, Osram, Toshiba, Solid State Lighting Systems, Mitsubishi / Verbatim, Cree.
Market Participants: Acuity Brands Lighting, Advantech Lighting Solutions / NaturaLED, Albemarle, ATG Electronics, Avances Lumínicos Plus S.A. de C.V, BridgeLux, Emcore, Epistar, Everlight, GE, IEE, Intematix, iWatt, Larson, LED Microsensor NT, Lightkiwi, LLC., Litecontrol, Verbatim, Newport Corporation / ILX Lightwave, ILX Lightwave, Nichia, Pluz S.A. de C.V. / NuVue, NuVue, Sony and more.
Explore Other Reports by WinterGreen Research.
About US
ReportsnReports.com is an online market research reports library of 500,000+ reports and in-depth studies of 5000+ micro markets. Call +1 888 391 5441 with your industry research requirements or email, the details on sales at reportsandreports.com.
Ritesh Tiwari, ReportsnReports.com, http://www.reportsnreports.com/, +1 (888) 391-5441, [email protected]
Share this article