LEDs in Lighting Applications – Market Analysis and Forecast 2017
New extended report! Revenues for LEDs in lighting applications, including both replacement lamps and luminaires, are expected to grow at a compound average growth rate of 5% from 2016 through 2022. This report analyzes the market for LEDs used in ten lighting application segments for the base year 2016 and offers a forecast through 2022. Growth in emerging markets and the need for reduced energy use continue to be the strong drivers for LED adoption. While some applications such as the outdoor lighting, architectural, and commercial lighting have proven their viability, the price per lumen for LED lighting is the limiting factor. Strategies Unlimited has also extended this report by including luminaire and lamp form factors for the commercial, industrial, residential and replacement lamp segments.