LED Lighting markets is anticipated to reach $42 bn till year 2019

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LED Lighting markets is anticipated to reach $42 bn till year 2019

LED Lighting marketsLatest industry research report on LED Lighting. 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 lamps lower the overall cost of lighting.  LED lighting costs are less than costs with 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.

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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,

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Table of Content

1. LIGHT EMITTING DIODE (LED) LIGHTING MARKET DYNAMICS AND MARKET DESCRIPTION 40

1.1 LEDs Replace Traditional Incandescent Light Bulb 40
1.2 Next Generation, High-Efficiency, Cost-Saving LED Lighting 41
1.2.1 LED Products 42
1.3 LED Quality Standards 46
1.4 Life-Cycle Assessment of Energy and Environmental Impacts of LED 50
1.4.1 LED Substrates 56
1.5 Global Economy 59
1.5.1 The IT Market 60
1.5.2 New World Order Built On The Globally Integrated Enterprise 60

2 LIGHT EMITTING DIODE (LED) LIGHTING MARKET SHARES AND MARKET FORECASTS 63

2.1 LED Lamps Market Driving Forces 63
2.1.1 Light-Emitting Diodes Transform The Business Of Illumination 65
2.1.2 LEDs Are Economical 65
2.1.3 LED Lamps Durability 67
2.2 LED Market Shares 69
2.2.1 Lighting Industry Market Share Commentary on LED Technology Shifts 72
2.2.2 Philips Lumileds 73
2.2.3 Philips Targets Lighting for Underdeveloped Regions 74

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