Upper Lake, CA (USA) -- ElectroniCast Consultants, a leading market & technology forecast consultancy, today announced their 10-year market forecast of the worldwide consumption of packaged component-level light emitting diodes (LEDs) in solid-state lighting (SSL) General Lighting applications. In 2010, the worldwide consumption value of packaged component-level LEDs, which are used in SSL General Lighting, is estimated to be $497 million (up from $349 million in 2009); ElectroniCast forecasts that the consumption value will be $9.2 billion in 2019.
LEDs in exterior General Lighting lamps (street, parking-lot, roadway-tunnels, bridges, landscaping, pool/fountain, buildings, architectural and other general lighting) applications, represents nearly 93 percent share of worldwide consumption in 2010. In 2019, the relative market share of component-level light emitting diodes (LEDs) use in exterior lamps is forecast to decrease significantly to nearly 58.8 percent; however, increase in value to $5.4 billion (see Figure). Note: Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
“Currently, it’s possible to find LED-based general lighting consumer-level bulbs in some retail stores, which of course is a critical sales channel. The stocking (and selling) of LED-based consumer-level bulbs will need to happen at all applicable retail outlets (ubiquitous); therefore, retailers must receive comparable (profit) margins versus other lighting solutions. Consumer cost/performance (benefit) issues versus competing (non-LED based) product must continue to be addressed, which takes time,” said Stephen Montgomery, president of International Business at ElectroniCast.
“ElectroniCast market opportunity analysis (MOA) takes a very close look at the competing technologies, cost and price-points and other pertinent market/technology dynamics. Important performance characteristics of LEDs, with particular emphasis on energy efficiency and lighting quality, is vital to achieve a sustainable market share of LED-based stationary (non-vehicle) General Lighting products, providing an ubiquitous product environment,” Montgomery concluded.
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This market forecast report is available immediately from ElectroniCast Consultants. For detailed information on this or other services provided by ElectroniCast, please contact Theresa Hosking, Marketing/Sales; email@example.com
ElectroniCast Consultants – www.electronicast.com specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies and the financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.
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