Global LED lighting market analysis and forecast

Introduction: from Strategies Unlimited's latest report, global lighting: 2014 lighting market analysis and forecast, describes the growth of LED lighting on the general lighting market outlook. LED lamp shows attractive market prospect is no doubt, since this year, the general lighting of the global market for $59 billion 500 million, which accounted for 1/3 of the LED lamp, this is a great achievement, because two years ago, LED lighting market penetration of less than 1%. Compact fluorescent lamp (CFL) has been a disruptive technology, but it took more than 20 years to reach a substantial market share.

Global lighting market

Figure shows the composition of the global lighting market, North America, China and Western Europe contributed most shipments. Among them, LED lighting can see great traction in the China market, traditional lighting manufacturers have pure forced in the production of LED lighting, or as a result of increased demand, or no change will face the risk of integration or shut down.

North America in the global LED lighting market to occupy a large share of the product is usually because of the average sales price (ASP) is lower and consumers prefer higher light quality requirements.

Japan has been walking in the forefront to take energy-saving practice, especially the impact of the Fukushima earthquake.

As for Western Europe, because of its strict energy-saving emission reduction targets, because of the enthusiasm of Europe's 20/20/20 climate change and high energy costs in the region, LED products even at high prices are also conducive to the adoption of.

With the development of urbanization in the developing region, LED lamps installed in new buildings are expected to increase.

The figure shows the global LED lamps forecast, Strategies Unlimited forecast from 2014 to 2022 LED lamps will maintain an average annual growth of 11%. In addition, Strategies Unlimited also predicted the highest decline in the same period high intensity discharge (HID) and incandescent light, the average annual decline of 14% and 10%, respectively.

Outlook LED lamps

LED luminaire efficiency over time will also increase, the expected material list, such as thermal management components, optical, LED packaging will be reduced with time unit price. The average selling price of LED lamps will further increase its market penetration.

LED lamps can be integrated or non integrated light source. Non integrated solution lamps with removable and replaceable lamps / tubes; integrated lamps may have modules instead of bulbs / tubes. Non integrated lamps may appeal to users for their more comfortable and familiar appearance technology; however, in the long run, integrated lamps can provide higher light quality and longer life.

Some of the LED lamp shape seems to have with the traction force, good for a long time, LED downlight has gained the credibility of the product in the market, if the quantity of heat consumption and save energy and maintenance costs are taken into account, in most applications the payback period is usually for one to two years. However, in the long-term use still need to overcome the consistency problem, the light quality of LED fluorescent lamp troffer, because the average sales price decline, LED lamps to meet and exceed the lumen output and light quality requirement of lighting, LED lighting penetration and we look forward to once again increase.