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TMCNet:  US LEDs & High Efficiency Lighting Market Demand to Grow10% Annually to 2017

[May 09, 2014]

US LEDs & High Efficiency Lighting Market Demand to Grow10% Annually to 2017

(M2 PressWIRE Via Acquire Media NewsEdge) This study analyzes the US light-emitting diode (LED) and high efficiency lighting industry. It presents historical demand data for 2002, 2007, and 2012, and forecasts for 2017 and 2022 by product (e.g., LEDs, high efficiency fluorescent lamps, high efficiency high intensity discharge lamps), market (e.g., building, outdoor lighting, motor vehicle, consumer), and US region. The study also considers market environment factors, details industry structure, evaluates company market share, and profiles industry players.

US demand to rise more than 10% annually through 2017 US demand for high efficiency lighting is forecast to increase more than 10 percent annually to $11.7 billion in 2017, supported by technological improvements and regulatory changes designed to lower electricity used in lighting applications. The US market for high efficiency lighting continues to adjust to the provisions of the Energy Independence and Security Act (EISA) of 2007, which is leading to a phase-out of traditional incandescent lamps and supporting demand for products such as LEDs and compact fluorescent lamps. Technological innovations that are improving the performance of LEDs and many types of high efficiency lamps are also supporting demand. In addition, particularly in the LED segment, improvements in manufacturing are leading to lower purchase prices for many products, thereby boosting market penetration for these efficient lighting products. However, because high efficiency lighting products have much longer useful lives, the average replacement rate will decrease over time, eventually depressing high efficiency lighting demand.

Complete report is available @ http://www.rnrmarketresearch.com/leds-high-efficiency-lighting-to-2017-market-report.html .

LEDs to be fastest growing high efficiency lighting Demand for LEDs will grow the fastest of any high efficiency lighting product through 2017. Increased penetration in many residential and nonresidential building applications, as well as in the outdoor lighting market, will support advances. While the high initial price of LEDs has hindered their adoption in many traditional lighting applications, technological innovations that reduce costs and improve performance will make these products increasingly competitive. The market for other energy efficient linear fluorescent lamps will also register strong growth, supported by heightened penetration of T5 and T8 lamps, in place of less efficient T12 products. In addition, the rebound in nonresidential building construction will provide some prospects.

Buy your copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=132298 .

Building market to offer best growth opportunities Through 2017, the building market for high efficiency lighting products will post especially strong growth, supported by a shift to higher value, longer lasting lighting products and driven in part by rising efficiency standards for lamps. Residential demand will be bolstered by the replacement of less efficient lighting that has been phased out due to EISA. Businesses, institutions, and government entities will turn to high efficiency lighting products to lower energy expenses and to reduce the labor costs of replacing lighting products. Over the longer term, the market will be restrained by the longer service lives of LEDs and newer lamp products, which will limit replacement demand.

Company Profiles Profiles for 40 competitors in the US industry such as Cree, General Electric, Osram Sylvania, Philips and TCP Additional Information This study examines the US market for high efficiency lighting products, including light emitting diodes (LEDs), high efficiency high intensity discharge (HID) lamps (i.e., metal halide lamps, sodium vapor lamps), high efficiency fluorescent lamps (e.g., compact fluorescent lamps, energy-efficient fluorescent lamps, high output fluorescent lamps), and other high efficiency lighting products. Excluded from the study are traditional lamps such as conventional incandescent lamps (e.g., general service lamps), less efficient fluorescent lamps (e.g., T8 and T12 lamps), and mercury vapor lamps. Demand for high efficiency lighting products is provided by both product and market (buildings, outdoor lighting, consumer products, motor vehicles, and other markets). In addition, major manufacturers are identified and profiled, and the key industry competitive variables are discussed. The entire report is framed within the lighting industry's economic, technological, and market environments. While the study encompasses some types of lighting products, it does not cover lighting fixtures, wiring devices, dimming controls, and related products.

Explore more market research reports on led-market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics/electronics-components/led-market .

About Us: RnRMarketResearch.com is an online market research reports library of 350,000+ in-depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe. Call +1 888 391 5441+1 888 391 5441 with your research requirements.CallSend SMSAdd to SkypeYou'll need Skype CreditFree via Skype CONTACT: Priyank Tiwari sales@rnrmarketresearch.com +1 888 391 5441 http://www.rnrmarketresearch.com/blog/ .

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