European LED commercial lighting market value to increase by 7 times
May 25, 2012 // Christoph Hammerschmidt
According to a report from market researcher LEDinside, the European LED lighting market's rapid growth is attributed to the energy-saving awareness and high electricity prices in Europe, especially the latter. For example, if a 7W LED light bulb (a replacement for 40W incandescent light bulb) is used for eight hours a day for a month (31 days), it can save 8 kWh compared to using an 40W incandescent light bulb. With the electricity prices of EU-27, US$2 can be saved every month by adopting a LED light bulb instead of incandescent one
As for the future of LED, the market research company expressed "high hopes" for LED commercial lighting's prospects. Given the global anti-nuclear trend and no room for the electricity prices to dip, the energy-saving demand will only climb. LEDinside predicts that LED price will see a drastic drop starting from 2012 and expects the value of European LED commercial lighting market to reach US$1.9 billion by 2015, seven times more than that in 2011.
LEDinside, the LED research division of market research company Trend Force, indicates that more money can be saved by adopting LED lights in the outdoor and commercial lighting sectors due to their high electricity consumptions. LED light bulb's lower wattage and higher thermal dissipation efficiency will result in better energy-saving efficiency. Thus, high electricity price is one of the most important factors that really spurs European LED lighting market's growth surge.
As for the indoor lighting, European lighting market is mainly dominated by Philips, Osram and GE. In particular, Philips and Osram dominate the trend in European LED lighting market; they continue to put efforts into traditional lighting market and channels, but in the meantime, they have been developing their LED products. European LED lighting firms take a more scientific stance on manufacturing LED products, with emphasis on LED components' color temperature, brightness and beam angle.
According to LEDinside, in terms of the color temperature for indoor lighting, Europeans prefer warm white, yellow light (2500K-2700K), while for the commercial lighting they prefer around 3,000K with CRI being above 80.
It is very easy to buy 10W (and lower) LED light bulb and candle light at convenient stores and supermarkets in Europe. However, LED still has a long way to go before it reaches wide adoption in the household lighting market; currently, LED lighting is mainly adopted by new buildings and luxury houses, the market researcher finds. LED lighting fixtures’ prices are still much higher than those of traditional lighting products, not to mention that at present, LED light bulbs cannot replace traditional ones in terms of beam angle. For this reason, regular consumers are still conservative about using LED lights in their households.
The engineering desk-to-bench ratio
November 21, 2014
Dennis Feucht discusses the right and wrong, senior and junior ways to organize the theoretical and practical work of an ...
Rohm's European Design Center in growth phase
Combo inertial sensor market on 19% CAGR, says Yole.
US, China pushing industrial chip market growth, says IHS
LA Auto Show: Hydrogen fuel cell drive is back
Opening up the IoT data flood gates
November 21, 2014
Only a few days after their LoRa long range communication demo at electronica, IBM and Semtech are making the LoRa MAC protocol ...
Polarizing filter reduces energy drain from smartphone displays
From warm to cool white: colour-temperature tunable LEDs
System provides high-volume solution for flexible OLED displays
- Halogen-free options and increased performance for terminal blocks
- Wireless Power User Guide
- Secure is the New Smart
- 5 Best Practices for Designing Flexible Test Stations
InterviewFreescale CEO: 'IoT isn't just buzz'
Coming after the solid third quarter results that produced higher operating margins and improving cash flow, Freescale Semiconductor's CEO Gregg Lowe had every reason to be chipper and lively when EE Times ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Cherry is giving away five of its Energy Harvesting Evaluation kits, worth over 266 Euros each, for EETimes Europe's readers to win. Cherry's energy harvesting technology benefit mostly applications where a complex wire assembly and/or batteries would be inappropriate.
The required RF-energy is created by the mechanical actuation of the switch and the data is transmitted...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.
Most popular news
- Could magnesium battery innovation end lithium's dominance?
- From warm to cool white: colour-temperature tunable LEDs
- Li-Fi communication module wirelessly transfers data at 1-Gbps
- Supercapacitor innovation promises panel-powered cars in five years
- Rebranding the revolution: the future of IoT is embedded