Worldwide LED Lighting Market Worth $42 billion by 2019 Says a Research Report ReportsnReports.com adds LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019 research report to its store.
DALLAS, Dec. 13, 2013 /PRNewswire-iReach/ -- LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019: 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 (http://www.reportsnreports.com/reports/269046-led-lighting-market-shares-strategies-and-forecasts-worldwide-2013-to-2019.html) 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.
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.
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.Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=269046.
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.
LED lighting products compete with traditional lighting technologies on the basis of the numerous benefits of LED lighting relative to such technology including greater energy efficiency, longer lifetime, improved durability, increased environmental friendliness, digital controllability, smaller size, directionality and lower heat output.
LED lighting products face competition in the general lighting market from both traditional lighting technologies provided by numerous vendors as well as from LED-based lighting products provided by a growing roster of industry specialized participants.
The emergence of cost-competitive LEDs has caused a "paradigm shift" in the lighting industry that has changed everything. The LED lighting 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.
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."
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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.
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.
LED Lighting Company Description:
1 Acuity Brands Lighting
2 Advantech Lighting Solutions / NaturaLED
4 ATG Electronics
5 Avances Lumínicos Plus S.A. de C.V
11 GE Lighting Solutions
16 LED Microsensor NT
17 Lighting Science Group
18 Lightkiwi, LLC.
20 Mitsubishi / Verbatim
21 Newport Corporation / ILX Lightwave
23 Osram AG
24 Philips Lumileds
25 Pluz S.A. de C.V. / NuVue
26 Prolighting TCP
27 QD Vision
29 Solid State Lighting Systems
31 Soraa Inc
35 Toyoda Gosei
Global LED Lighting Market 2012-2016 (http://www.reportsnreports.com/reports/268107-global-led-lighting-market-2012-2016.html): Analysts forecast the Global LED Lighting market to grow at a CAGR of 35.6 percent over the period 2012-2016. One of the key factors contributing to this market growth is the declining average selling price of LEDs. The Global LED Lighting market has also been witnessing an increasing adoption of LEDs. However, the fluctuating global economy could pose a challenge to the growth of this market.
The key vendors dominating this space include Cree Inc., Dialight Lumens Inc., Dialight plc, Emerson Electric Co., and Koninklijke Philips Electronics N.V. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=268107.
The other vendors mentioned in this report are Cooper Industries plc, Everlight Electronics Co. Ltd., Nichia Corp., Seoul Semiconductor Co., and Sharp Corp.
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