DUBLIN, Aug. 6, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global LED Lighting Industry Analysis & Market Forecast 2012 - 2020 " report to their offering.
The LED lighting market began to rebound from 2013 and is projected to kick into high gear starting from 2014. Global leading companies have already seen improving performance from 2013.
Although IT segment (BLU for TV, monitor, handset, etc.) has driven the growth of the LED market so far, it has already reached the maturity with market penetration having exceeded 90%, and thus will decrease steadily from next year. From now on, the lighting segment is expected to play a leading role in the LED market along with the incandescent light bulb ban which started on September, 2012, efficiency and technological progress, and economies of scale accompanied by price erosion
As the Minamata Convention on Mercury was adopted and opened for signature on 10 October 2013, at a Conference of Plenipotentiaries (Diplomatic Conference) in Kumamoto, Japan, the production and sales of fluorescent lamps are to be prohibited from 2020 onwards. This regulation on mercury following the incandescent light bulb ban is expected to accelerate broader market penetration of LED lighting, eroding the shares of fluorescent lamps as well as incandescent light bulbs. Considering the effect the fluorescent lamp will bring, it is reasonable to adjust existing estimates for market penetration of LED lighting upwards. Thus, the LED lighting penetration rate was adjusted upwards for 2020 from 68% to 82%.
Key Topics Covered:
1. 2013 LED Industry Landscape Review & 2014 Outlook
2. LED Lighting Market Forecast (2012-2020)
3. LED Supply & Cost Analysis
4. Trends in Top LED Industry Players
- LG Innotek
- Samsung LED
- Seoul Semiconductor
- Toyoda Gosei
For more information visit http://www.researchandmarkets.com/research/c93tbl/global_led
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SOURCE Research and Markets