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LED Lighting Market 2016: Global Industry Size, Share, Growth, Analysis, and Forecasts to 2021
Author:admin Hit: Date:2016-6-18 16:56:24

LED Lighting Market 2016: Global Industry Size, Share, Growth, Analysis, and Forecasts to 2021

                                                                                               - - - - June 18, 2016 Reprinted from patriarc

Market 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.

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.

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.

Epistar is working on 200mm technology. Philips, OSRAM, and Samsung are all actively exploring GaN on silicon technology. Market shifts provide entry points for new competitors. They create significant opportunities for participants to achieve rapid increase in market share. Shifts in market share are anticipated as vendors move up the value chain to increase returns on investment.

There is a move by vendors to provide more pieces of the LED light. In this way they seek to control their margins. Vendors primarily compete with other providers of LED lighting on the basis of product performance, as measured by efficacy, light quality, increased lumen output and reliability. Product cost combined with an acceptable level of quality is always a competitive issue.