Memoori: Global Market for LED Lighting in Buildings to Reach US$ 10.3 B by the End of 2014

Memoori estimates that revenue from the global LED Lighting market for buildings hit US$ 8.1 billion in 2013 and will rise to around US$ 10.3 billion by the end of 2014. The market will have grown still further to total almost US$ 23 billion by 2018 – http://www.memoori.com/portfolio/led-lighting-in-buildings-2014-to-2018/

This represents a compound annual growth rate (CAGR) in the overall market of 22.8% over the 6-year period. Beyond the time frame of this report, revenue growth will slow as cost competition intensifies; with the size of the LED lighting market expected to level off by around 2020.

Lighting revenue by sector. (Image Courtesy of Memoori)

A combination of continued consumer confusion over the benefits of LED lighting, a slow decline in sale prices and lower than expected global GDP growth meant that 2013 revenue growth for LED lighting was disappointing. However oversupply concerns are likely to ease towards the end of 2014 as capacity is absorbed by a steady increase in global demand.

The major players such as Philips, OSRAM, CREE, Acuity and GE have set in place their strategies to retain a large slice of the market as the LED Lighting business grows. Ever increasing amounts of their revenues are coming from LEDs rather than traditional technologies.

LED deals broken down by primary drivers.(Image Courtesy of Memoori)

Whilst the future looks bright in the medium term, lighting manufacturers are expressing increasing concern about what’s going to happen after 2020 when the replacement market is essentially saturated; with predicted levels of 70-80% adoption of long-lasting LEDs that will dramatically lengthen replacement cycles. - See more at: http://www.memoori.com/the-global-market-for-led-lighting-in-buildings-will-reach-10-3-billion-by-the-end-of-2014-predicts-memoori-research/#sthash.BzxSwx2n.dpuf

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.

The OSCONIQ® P 3737 high-power LED achieves industry-leading wall plug efficiency of 83.2 % in Hyper Red, enabling unique output levels and cost savings Vegetable, flower, and other growers benefit from a stable photon flux thanks to the Q... READ MORE

New XLamp XFL LEDs are fully specified and optimized for flashlights and other portable lighting applications  Cree LED has just launched the new XLamp® XFL LED family, comprised of three LEDs designed for maximum performance in flash... READ MORE