FARMINGTON, USA: Global Information Inc. is pleased to announce two significant new reports on the LED lighting industry that highlight a market poised for rapid growth through 2016.
The consumption of general lighting LED lamps in the United States reached $592 million in 2011, an increase of 22 percent over 2010and the market is forecast reach $2.4 billion in the year 2016, according to a new LED lamp market forecast and research report from ElectroniCast.
This report covers three major LED lamp application categories: government, commercial/industrial and residential.The 584-page market report highlights the Parabolic aluminized reflector (PAR) lamp market, forecast for double-digit growth partially offset by the price declines, and the Multifaceted Reflector (MR) compatible lamps market forecast for impressive growth as the technology evolves to provide equivalent brightness to halogen MR lamps and competitive pricing;
The report also reveals that the market for LED-based decorative lamps will increase at well-over 40 percent per year, And that LED-based linear (tube) lamps - an emerging competitor to the fluorescent tube-- are forecast to increase in quantity at a very impressive annual growth of over 90 percent, well beyond the pace of the rest of the market.
UV LED market 2012
UV LEDs will continue to replace traditional UV lamps in incumbent applications and will also create new applications, especially portable ones, due to their compactness, lower cost of ownership and environmental friendly composition. As a result, the UV LED market is expected to grow roughly 500 percent, from $32.5 million in 2011 to more than $150 million in 2016, according to a new UV LED market forecast from Yole Developpement.
Yole predicts that within this period, UV LED market will grow by more than 500 percent, while the traditional UV lamps market will only grow by a factor of around 150 percent.
In 2011, LEDs continued being sold mostly in the UVA/B spectrum (especially in upper wavelengths, between 365 and 400 nm). More than 90 percent of the UV LED market outside of R&D was still covered by UV curing, counterfeit detection and medical and instrumentation applications requiring UVA/B sources.
UVC LEDs were still mainly sold for R&D and scientific instrumentation purpose, but 2012 will see the commercialization of the first UV LED-based purification system.
This report details all UVC applications (with a deep analysis of purification), presenting the UV working principle, the UV market structure, UV LEDs market drivers, challenges, and characteristics required, time to market and Total Accessible Market (TAM) for UV LEDs.