Unit Sales of Commercial LED Luminaires to Grow at CAGR of 34 Percent Between 2012 and 2016

A Market research company says that the decline in the price of LED light sources helped to trigger growth in the market. According to the company revenues grew from $7.3 billion in 2011 to $9.4 billion in 2012, a growth of 28%. The company forecasts that the CAGR for revenues for LED Luminaires in all applications for 2012-2016 is 18%.

By 2012, LED luminaires had penetrated variety of applications. The Market research company says that large scale adoption of downlighting in commercial applications drove revenues up 76% between 2011 and 2012. The Japanese commercial application market as the one of the contributors to the high growth rate. The Japanese market growth is expected to continue but at a slower rate while all other regions are expected to increasingly adopt LED luminaires in commercial applications.

The company says that the market for LED luminaires grew across with most regions at a CAGR of more than 15%. According to the company, The rest of the world (besides the United States and Japan) will be the fastest growing region at a CAGR of 23%.

Other than consumer portable and emergency lighting applications, the company predicts all other applications will have CAGR in double digits. The research company forecasts that commercial lighting will dominate other applications and predicts a CAGR of 31%. Residential lighting applications starting from a small base and with help from the sale of ceiling lights in Japanese homes will have a CAGR of 23%. Because of a cost per unit price decrease for outdoor lighting, the revenues for outdoor lighting are expected to grow on an average of 17% between 2012 and 2016, despite an impressive CAGR of 37% for units.

 

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE