Strategies Unlimited LED lighting market forecast in 2012 exceeded $5 billion

Due to the development of LED lighting market, its range of applications from a single color and color transformation application development to the general lighting applications, such as residential, commercial and off grid lighting applications, and eventually developed into outdoor lighting applications. According to Strategies Unlimited forecast, in 2012 the LED lighting market will exceed $5 billion, equivalent to 2008 to 28% of the compound annual growth rate of (CAGR).

From 2012 onwards, LED lights will be the only alternative to traditional lighting lamps, alternative lamps, including efficient fluorescent lamps and high intensity discharge lamp (HID). However, in order to achieve this goal, the LED industry will face many challenges, the U.S. market research firm (Strategies Unlimited) recently released the report will discuss these issues.

"LED lighting - market analysis and forecast" for the LED lighting industry in the general lighting market and the challenges of the market to make a detailed assessment. The assessment was applied to analyze and forecast the development of the 9 lighting markets in 2012.

By 2007, LED lighting applications include a number of small markets, such as exit signs, architectural lighting, key lighting, decorative lighting and entertainment lighting, many of which use red, green and blue LED.

Development prospect of white LED

White light LED has begun to occupy a strong market position in the optional application areas, such as consumer portable lighting (such as flashlights, headlights) and solar landscape lighting, and more recently, white LED lighting has been used for specific applications, such as retail display lighting, commercial and industrial lighting and outdoor lighting.

In 2008, the number of white LED lamps more than just 50% in the LED lighting market, compared with the traditional white LED lighting lamps, can provide the quantification of energy and cost saving, this will accelerate the application of white LED lighting in general lighting.

Performance improvement

In recent years, LED technology has made remarkable performance improvement, and then the LED lighting lighting efficiency has also been improved. According to Strategies Unlimited forecast, in 2008 to 2012 years, due to the high performance of white LED as a commercial application, its optical efficiency of more than 100lm/W, therefore, the market share of white LED lamps will grow.

Further improve the design of LED lighting, can optimize the performance of LED, which is expected to promote the development of LED lighting market. Economic depression and mass production will further reduce costs.