Contact: Vrinda Bhandarkar
MARKET FOR LED LUMINAIRES OVER $3.8 BILLION IN 2010 SAYS STRATEGIES UNLIMITED
February 11, 2011,
Being the most efficient light source technology for applications requiring a directional beam of light and batteries, consumer portable applications were the largest segment of the LED luminaire market in 2010. The quality of LEDs has improved to a point that performance is no longer an issue. The issue now is the price of designing LEDs into luminaires. Color and color- changing application in architectural and entertainment applications together had revenues more than $1 billion in 2010. Residential lighting — the fastest growing segment of the market — starting from a small base, is forecast to grow at a CAGR of 44% through 2014. Global revenues for LED luminaires in commercial/industrial applications are expected to be more than $1 billion in 2011. The outdoor area lighting applications, which benefitted from fiscal stimulus and the need for energy conservation, are expected to grow at a CAGR of 38% through 2014. Solar powered lanterns will be a low margin-high volume application assisted by NGOs and governments trying to save fuel subsidies. The revenues for this sub-segment are forecast to grow at a CAGR of 58% for the same period. LED exit signs have become a mature market in the
This report is the latest in a series of reports on LED Markets. This follows the market research reports on HB-LEDs (June 2010), HB-LEDs in Lighting (March 2010), LED Lighting Fixtures (January 2009) and LED Replacement Lamps (June 2009). Founded in 1979, Strategies Unlimited specializes in market research and strategic consulting directed at photonics systems and components. The company, based in
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