Worldwide LED Lighting Trends to 2020
LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020
Report Description
WinterGreen Research announces that it has published a new study LED Lighting: Market Shares, Strategy, and Forecasts, Worldwide, 2014 to 2020. 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.
Philips, the market leader has been the first casualty as the profit margin on the individual LEDs is eroded because of overproduction in China. The achievement in price declines because of economies of scale, and general competitive pressure have drastically impacted the market. Philips is set to sell its lighting business. The Dutch electronics group Philips has attracted bids from several private equity groups for the majority of its lighting components business, up for sale as it focuses on higher-margin activities.
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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.
Scope
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.”
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.
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Table of Content
LED Lighting Executive Summary
The study is designed to give a comprehensive overview of LED Lighting equipment market segment.
Research represents a selection from the mountains of data available of the most relevant and cogent market materials, with selections made by the most senior analysts.
LED Lighting Market Shares And Market Forecasts
1. LIGHT EMITTING DIODE (LED) LIGHTING MARKET DYNAMICS AND MARKET DESCRIPTION 40
2 LIGHT EMITTING DIODE (LED) LIGHTING MARKET SHARES AND MARKET FORECASTS 63
3. LED LIGHTING PRODUCT DESCRIPTION 128
4 LED LIGHTING TECHNOLOGY 246
5 LED LIGHTING COMPANY DESCRIPTION 275
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