Market
conditions are right for the LED replacement lamp market to accelerate
in the next few years, according to a new market report by Strategies
Unlimited, the leading firm covering the LED market.
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.
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