LED Market Outlook Bullish, Sales Forecast to Top $33 Billion by 2013

LED market will experience robust growth, over the next five years, fueled by increasingly more-powerful and energy-efficient offerings that will help businesses and consumers lower their Total Cost of Ownership (TCO), accelerate Return on Investment (ROI) and be more environmentally friendly, according to a recent report.

It’s known that LEDs have powerful and vocal proponents among local, state and federal governments, commercial industries and private citizens. These groups all are encouraging widespread acceptance and adoption of LEDs as a viable mainstream and green technology.

The report forecasts the overall SSL market will achieve worldwide revenues topping $33 billion by 2013. The illumination segment of the LED market will light the way with a compound annual growth rate (CAGR) of nearly 22% in the 2009-2013 timeframe. The display portion of the market also will shine brightly, achieving a five-year CAGR of over 14% as cities worldwide shift their streetlights to these more energy-efficient and ecologically friendly solutions.

A number of trends have intersected to make this one of the most dynamic periods in the history of LEDs. They include bifurcation of the market between commoditized consumer LEDs and higher-end, leading-edge applications; transition of applications from incandescent to LED usage; standardization and green initiatives; consolidation within the industry; the emergence of new niche illumination applications, and new markets for mature applications.

In addition, the report notes that LED industry faces several challenges. Vendors must work with legislators and industry groups to foster a smooth, orderly transition from incandescent bulbs to the more efficient LEDs.

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.

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE

Innovative tunable white, mid-power LED enables luminaire manufacturers to improve colour tuning, shrink optics and fixture profiles, while enabling new design options. Nichia, the leader in and inventor of the high-brightness LED, announces i... READ MORE