LED Market Advantages: quality of light, dimmability, controllability, lamp life and environmental cost of ownership.
Dramatic improvements in commercially available LED performance in recent years, as well as significant cost reduction, has made it feasible to design LED lamps to offer comparable lumen output and to compete with other established lighting technologies on the basis of cost of ownership.
The market is in a state of flux as utilities, energy efficiency organizations and customers look for optimum solutions which save energy, minimize the cost of ownership, and give acceptable quality of light.
Customer Education
Customers are in the process of being educated about comparing cost of ownership rather than the initial price of lamps.
Regulations Drive European Market
Regulations in Europe will ban the 100W incandescent clear glass lamp starting in September 2009, and will progressively ban all inefficient incandescent lamps by 2012 and all incandescent lamps by 2016. The Energy Information and Security Act of 2007 began the process of restricting the sale of inefficient lamps in the US.
Market Opportunities for LED Replacement Lamps
By 2012, with a few exceptions, inefficient incandescent lamps cannot be sold. Although the awareness of these regulations is still weak in the marketplace, they will create market opportunities for LED replacement lamps.
Recognizing the potential of LED technology to save energy, policy makers have been supporting the research and development of LED technology and helping its commercialization.
In the short run, while LED replacement lamps become a viable alternative, regulators are encouraging compac t fluorescent lamps (CFLs).
However, over the next five years the advantages of LED technology over CFL will become recognized, especially with respect to the quality of light, dimmability, controllability, lamp life and environmental cost of ownership.
- Some well-designed LED lamps already offer effective lumen efficacies that compete with CFLs.
- The commercial and industrial segments will embrace LEDs to control costs and save energy.
- The LED lamps will be used for directed light applications, in hard-to-reach places and where the cost of re placement is very high.
Replacement Lamp Market Growth Projected at 107%
Although the market for LED replacement lamps is still in its early stages of development, the lamp revenues are forecast to grow at a CAGR of 107% through 2013.
Strategies Unlimited explores the market potential for LED lighting technology in its latest report titled LED Replacement Lamps--Market Analysis and Forecast, 2009. The
report analyzes five LED-based lamp types that are designed to replace
lamps that currently populate billions of sockets:
- A-lamp and globes;
- PAR and R lamps;
- MR 16's;
- candelabra and decorative lamps;
- linear fluore scent tubes.
The markets for five categories of replacement lamps are analyzed for market drivers and challenges, trends, units and revenues for 2008. The report also offers a five-year forecast for 2009-2013.
LED Replacement Lamps--Market Analysis and Forecast, 2009 is available from Strategies Unlimited at a price of $1,895. More information on the report is available by contacting Tim Carli, Sales Manager, at +1 650-941-3438 ext. 23, by e-mail at tcarli@strategies-u.com, or on the company web site, www.strategies-u.com.
