August 22, 2013…ElectroniCast Consultants, a market research firm, announced their 5-year market forecast of the Asia Pacific consumption of LED lamps in General Lighting applications. According to the ElectroniCast study, in 2012, the Asia Pacific region (APAC) consumption value of LED lamps in General Lighting, reached $1.45 billion. The company predicts that consumption value will increase with strongly rising quantity growth partially offset by declining average prices.
This market forecast is segment by 8-major LED Lamp categories and 3-major End-User categories: Government, Commercial/Industrial, and Residential. The company forecasts that the Commercial/Industrial user category will dominate in terms of relative market share during the 2012-2017 timeline. However, ElectroniCast predicts both the Government and the Residential segments will have faster annual growth.
“The Commercial/ Industrial group is especially strong in the PAR lamps, MR lamps and General Service lamps; Government is forecast to be a relative heavy user in the streetlight product category; Residential is forecast with relative strong use in the General Service and MR lamp types,” said Stephen Montgomery, Principal Analyst- LED group at ElectroniCast.
The company notes that the increasing automatic assembly and test manufacturing process for selected LED solid-state lighting products allows for mass-production. In addition, over the next few years, the company predicts that average selling prices of the SSL general lighting products will be driven lower, as a result of improved production efficiencies and yields (aided by quality controls), competition (both market competition and technological competition), marketing/sales distribution improvements, and other factors.
The consumption value of LED-based tube Lamps used in general lighting applications in Asia Pacific was $75.08 million in 2012. The longer tube lamps ( measuring 1.2 meters or longer) are expected to dominate this particular product category. Of course the longer lamps have a higher average selling price, but, even in terms of volume (quantity), the longer linear (tube) lamps are forecast to command the lead. The consumption of LED-based general service lamps (bulbs) used in general lighting applications in the Asia Pacific region was $360 million in 2012. ElectroniCast predicts that the consumption of LED lamps (bulbs) will have a more than four fold increase to $1.686 billion in 2017.