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Global HB LED market set to shine by 2018

Global HB LED market set to shine by 2018

Market news |
By eeNews Europe



Strategies Unlimited’s annual market research report entitled ‘The Worldwide Market for LEDs: Market Review and Forecast 2014’ noted that the global packaged LED industry grew from $1.2 billion in 2000 to $14.2 billion in 2013. Back in 2009, illumination accounted for $665 million in revenues and in 2013 the general lighting segment was worth $4.4 billion.

Strategies Unlimited analyst Katya Evstratyeva, commented: “We forecast the growth for LEDs in lighting to be 27% of CAGR from 2013 to 2018, driven mostly by an increased consumer confidence and continuously increasing sales of replacement lamps, downlights, industrial, commercial, and outdoor products.”

The top 15 companies in the LED space account for about 81% of global revenues and the top 25 companies account for 93% of revenues. The report makes it clear that quite a few manufacturers continue to struggle to find their identity in this fast-changing environment as the packaged LED industry is becoming more and more complex. As a result, Strategies Unlimited anticipates the market will consolidate in the coming years.

Related articles and links:

www.strategies-u.com

News articles:

LED street light installations to grow by 400% in next five years forecasts Strategies Unlimited

Newswatch: European LED makers need to act smartly

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