Solid-State Lighting (SSL) Illumination Incorporating LEDs - Global Market Forecast & Analysis
Upper Lake, CA - ElectroniCast Consultants, a leading market & technology forecast consultancy, recently announced the year-end update of their market forecast of the global market consumption of packaged Light Emitting Diodes (LEDs) used in selected Solid State Lighting (SSL) Illumination applications. Consumption value market forecast summary data are provided for CHIPS used in selected LEDs as well as consumption value market forecast summary data of LED LAMPS used in selected SSL Illumination applications.
According to ElectroniCast, LEDs used in residential and commercial / government EXTERIOR lighting (landscaping, pool/fountain, buildings, bridges, architectural and other general lighting) represented an 86 percent share of worldwide consumption of solid-state lighting (SSL) illumination in 2007. LEDs used in the EXTERIOR lighting application are forecasted to decrease significantly to 67 percent in relative market share; however, increase in value to $631.68M in 2012.
LEDs used in the channel lettering lighting (signage) application, in 2007, represented nearly a 9 percent relative market share of global solid-state lighting (SSL) illumination consumption value. "The use of LEDs in the channel lettering lighting (signage) application use will increase, as well as increasing in terms of relative market share to nearly 15 percent by 2012, as a desired replacement of existing signage/display systems," said Stephen Montgomery, president of ElectroniCast –APAC and Director of the LED research projects at the consultancy. LEDs used in residential and commercial/government INTERIOR solid-state illumination (including retail display, general lighting, related), as well as "Other" [vehicle, aircraft/ship, military devices/equipment, medical/lab devices/equipment, industrial measurement/control (machine vision), appliances, portable/battery, off-grid, lamps, similar/other] application forecast data are also provided in ElectroniCast's report of the study project.
SOURCE: ElectroniCast Consultants