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Market conditions are right for the LED
replacement lamp market to accelerate in the next few years, according to a
new report from Strategies Unlimited. Although the market for LED
replacement lamps is still in its early stages of development, lamp revenues are
forecast to grow at a CAGR of 107% through 2013.
The report entitled "LED Replacement
Lamps—Market Analysis and Forecast, 2009" analyzes five
LED-based lamp types that are designed to replace lamps that currently
populate billions of sockets: A-lamps 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.
The market is in a state of flux as utilities, energy
efficiency organizations and customers look for optimum solutions which
save energy, minimize the cost of ownership, and give acceptable
quality of light. Customers are in the process of being educated about
comparing cost of ownership, rather than looking just at the initial
price of lamps.
Regulations in
Europe will ban the 100W incandescent clear glass lamp starting in
September 2009, and will progressively ban all inefficient incandescent
lamps by 2012 and all incandescent lamps by 2016. Similarly, the Energy
Information and Security Act of 2007 began the process of restricting
the sale of inefficient lamps in the US. By 2012, with a few exceptions,
the result of the legislation will be that inefficient incandescent
lamps cannot be sold.
Although the awareness of these regulations is still weak
in the marketplace, they will create market opportunities for LED
replacement lamps. Recognizing the potential of LED technology to save
energy, policy makers have been supporting the R&D of LED technology
and helping its commercialization.
In the short run, while LED replacement lamps become a
viable alternative, regulators are encouraging compact fluorescent
lamps (CFLs). However, the advantages of LED technology over CFL will become
recognized, especially with respect to the quality of light,
dimmability, controllability, lamp life and environmental cost of
ownership. 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. The LED lamps will be used for directed light
applications, in hard-to-reach places and where the cost of replacement
is very high.
In the report, the markets for five categories of
replacement lamps are analyzed for market drivers and challenges,
trends, units and revenues for 2008. The report also offers a five-year
forecast for 2009-2013.
"LED Replacement Lamps -Market Analysis and
Forecast, 2009" is available for immediate delivery from
Strategies Unlimited at a price of $1,895. More information on the
report is available by contacting Tim
Carli, Sales Manager, at +1 650-941-3438 ext. 23.
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