LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020 is a new research report added to ReportsnReports.com. The LED Lighting Market report profiles, market leaders such as Philips, GE Lighting Solutions, Maxion Technologies, QD Vision, Lighting Science Group, Osram, Toshiba, Solid State Lighting Systems, Mitsubishi/Verbatim, Cree.
ReportsnReports.com has released its report on the Light Emitting Diode (LED) Lighting Market: Market Shares, Strategy, and Forecasts, Worldwide, 2014 to 2020, which says next generation lighting is achieving 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.
LED lighting decreases labour costs of replacing bulbs in commercial situations. The LED bulbs are implementing new semiconductor technology. The 2013 study has 403 pages, 183 tables and figures. Worldwide LED lighting markets are poised to achieve significant growth as buildings and communities lead the way in implementing the more cost efficient systems. In some cases, the utility plants are providing funding and financing so that lighting users can make the shift to LED lighting.
According to the study “Frequent product introductions have characterized the LED lighting industry. There is a highly competitive pricing environment with the current price point of USD 10 in 2013 per light about to decline to USD 6 per light. These market characteristics increase the need for continuous innovation.”
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 USD 4.8 billion in 2012 is anticipated to go to USD 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.
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 to provide entry points for new competitors. They create significant opportunities for participants to achieve a 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.
LED vendors seek to offer LED lighting products that achieve a lower total cost of ownership and enhanced product quality. The channel looks for a broad product portfolio. Those vendors with a broad product portfolio have access to strong retail channels. Channel strategy is further impacted by OEM relationships. A differentiated product design approach, proprietary technology and deep understanding of lighting applications aids the ability to compete in LED lighting markets.
LED lighting products are coming to market rapidly. Suppliers carry up to 150 different LED bulb and lamp styles to fit the various needs of consumers and businesses.
LED PAR lamps dominate the ENERGY STAR qualified product list, so back in 2012 IEE partnered with TopTen USA and Ecova to develop recommendations for top performing PAR38 and PAR30 LED lamps. The team developed an evaluation protocol that starts with the lamps found in ENERGY STAR’s list, to which we applied product criteria screens and testing to a subset of lamps to determine the 10 top performers. Efficiency along with aesthetics, payback period, and dimming performance were key criteria to the ranking.