News

24 June 2009

 

LED replacement lamp market to grow at 107% through 2013

Although the market for LED replacement lamps is still in its early stages of development, conditions are right for it to accelerate in the next few years, with lamp revenues forecast to grow at a compound annual growth rate (CAGR) of 107% through 2013, according to Strategies Unlimited's new report ‘LED Replacement Lamps — Market Analysis and Forecast, 2009’, which analyzes five LED-based lamp types designed to replace lamps: A-lamp and globes; PAR and R lamps; MR 16s; candelabra and decorative lamps; and linear fluorescent tubes.

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, says the firm. The market is in a state of flux as utilities, energy-efficiency organizations and customers look for optimum solutions that save energy, minimize the cost of ownership, and give acceptable quality of light. Customers are in the process of being educated about comparing the cost of ownership rather than the initial price of lamps.

Regulations in Europe will ban the 100W incandescent clear glass lamp starting in September, 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 USA. By 2012, with a few exceptions, inefficient incandescent lamps cannot be sold.

Although the awareness of these regulations in the marketplace is still weak, they will create market opportunities for LED replacement lamps, believes Strategies Unlimited. Recognizing the potential of LED technology to save energy, policy makers have been supporting R&D on LED technology and helping its commercialization.

In the short term, while LED replacement lamps become a viable alternative, regulators are encouraging compact fluorescent lamps (CFLs). However, over the next five years the advantages of LED technology over CFL will be recognized, especially with respect to the quality of light, dimmability, controllability, lamp life, and environmental cost of ownership, says the market research firm. 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, forecasts Strategies Unlimited. The LED lamps will be used for directed light applications, in hard-to-reach places, and where the cost of replacement is very high.

The report is priced at $1895.

Search: LED replacement lamps LEDs

Visit: www.strategies-u.com