by Shane Henson — May 6, 2013—The adoption rates of light-emitting diode (LED) lighting are expected to skyrocket in the coming years as the efficacy and quality of LEDs surpass those of competing technologies and as prices fall to enable reasonable payback periods, according to various reports available through Global Information, an international information service company.
The report LED Luminaires: Market Analysis and Forecast 2013, published by Strategies Unlimited, details how and why the LED luminaire market is forecasted to grow to $16.6 billion by 2016. Several conditions, including improvements in the performance and price of commercially available high-brightness LED (HB LED) packages, heightened concerns regarding energy efficiency, and the phasing out of incandescent bulbs, combined to create conditions favorable for the adoption of white-light applications of LED technology, the report says. The report includes an application analysis, worldwide market review, five-year market forecast, and an appendix of LED luminaire manufacturers.
According to Navigant Research’s LED Supply Chain Dynamics, annual worldwide revenue from LED lamps will grow from just over $1.5 billion in 2013 to more than $8.5 billion in 2021. The report examines the specific trends that affect the manufacture of the primary components of an LED light, as well as the broad trends reshaping the industry. Regional influences and applicable international standards are detailed, and an industry map shows how some of the larger vendors fit within the supply chain. Recommendations for how industry players can best take advantage of the global opportunity presented by the shift toward LED lighting are also included in the report.
The LED Revolution: Market Analysis and Insight On Reducing Manufacturing Costs, published by The Information Network, delves into how the HB LED market is expected to explode as unit shipments more than double between 2009 and 2012. LEDs are creating a niche market for conventional suppliers of semiconductor processing tools. This report provides market forecasts for HB LEDs, backlight LEDs, and organic LEDs (OLEDs). Highlights include an overview of recent processes in HB LED technology and applications, processing equipment, construction materials, packaging and assembly issues, innovation drivers, and the global market outlook.
