LEDs & High Efficiency Lighting

LEDs & High Efficiency Lighting

Freedonia Group, Date of Publication: Dec 2, 2013, 333 Pages
US$5,300.00
FR3068

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.

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.

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.

Study coverage

This study presents historical demand data for 2002, 2007, and 2012, plus forecasts for 2017 and 2022 by product, market and US region. The study also considers key market environment factors, evaluates company market share and profiles 40 US industry competitors.


TABLE OF CONTENTS

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT
General 4
Demographic Trends 5
Macroeconomic Outlook 10
Consumer Income & Expenditure Outlook 13
Construction Trends 16
Residential Building Construction 19
Housing Outlook 22
Housing Stock 26
Improvements & Repairs 30
Nonresidential Building Construction 32
Construction Expenditures 33
Nonresidential Building Stock 35
Improvements & Repairs 37
Nonbuilding Construction 39
Highway Spending 41
Motor Vehicle Trends 43
Manufacturing Outlook 47
Pricing Trends 51
Environmental & Regulatory Issues 54
General Regulations & Standards 54
Energy-Efficiency Concerns 57
Energy Acts 57
American Recovery and Reinvestment Act of 2009 59
State Regulations 60
Energy-Efficient Lighting Programs 61
Other Environmental Concerns 62
Lamp & LED Industry Overview 63
Foreign Trade 65
Imports 66
Exports 67

III. TECHNOLOGY & CRITICAL COMPONENTS
General 69
Light Source Characteristics 69
Luminous Efficacy 69
Light Quality 72
Lighting Fixtures 74
Other Light Source Characteristics 77
Remote Source Lighting 78
Fiber Optic 80
Product Characteristics & Performance 80
Markets 81
Prism Light Guides 82
Phosphors 84
Critical LED Components 86
Ballasts 89
Fluorescent 90
High Intensity Discharge 92

IV. PRODUCTS
General 94
LEDs 96
Product Characteristics 100
Suppliers 104
High Efficiency High Intensity Discharge Lamps 104
Product Characteristics 107
Metal Halide Lamps 108
Product Characteristics 110
Suppliers 112
Sodium Vapor Lamps 112
Product Characteristics 114
Suppliers 116
High Efficiency Fluorescent Lamps 116
Product Characteristics 118
Compact Fluorescent Lamps 120
High Output Fluorescent Lamps 124
Energy-Efficient Fluorescent Lamps 126
Suppliers 129
Other High Efficiency Lighting Products 129
Product Characteristics 130
Suppliers 134

V. MARKETS
General 135
Buildings 138
Residential 140
Nonresidential 143
Office & Commercial 146
Institutional 148
Industrial 150
Other 152
Outdoor Lighting 154
Consumer Products 158
Motor Vehicles 161
Demand by Sector 164
Demand by Vehicle Class 166
Other Markets 168

VI. REGIONS
General 171
Regional Demographic & Economic Trends 171
Population Patterns 172
Economic Outlook 175
Construction Activity 178
Housing 181
Regional Demand for High Efficiency Lighting 184
Northeast 187
New England 188
Middle Atlantic 189
Midwest 191
East North Central 195
West North Central 196
South 197
South Atlantic 199
East South Central 201
West South Central 202
West 203
Mountain 206
Pacific 207

VII. INDUSTRY STRUCTURE
General 209
Industry Composition 210
Market Share 213
Product Development 218
Manufacturing 221
Marketing 223
Green Marketing 224
Consumer-Focused Strategies 225
Other Market-Specific Strategies 226
Distribution 228
Consumer 229
Nonresidential 231
OEM 233
Mergers & Acquisitions 233
Cooperative Agreements 236
Company Profiles 241
Advanced Lighting Technologies Incorporated 242
APL Engineered Materials, see Advanced Lighting Technologies
Automotive Lighting Reutlingen, see Fiat
Bridgelux Incorporated 245
Bulbrite Industries Incorporated 247
Chicago Miniature Lighting, see Revstone Industries
Cree Incorporated 248
Data Display Products Incorporated 253
Dialight plc 254
EiKO Limited 256
Excelitas Technologies Corporation 258
Eye Lighting International of North America, see Iwasaki
Electric
Feit Electric Company Incorporated 260
Fiat SpA 262
GE Lighting, see General Electric
General Electric Company 264
GreenStar Products, see Toshiba
Grupo Antolin-Irausa SA 269
Harison Toshiba Lighting, see Toshiba
HIDirect, see Advanced Lighting Technologies
Interlectric Corporation 271
Iwasaki Electric Company Limited 272
Koito Group 274
Kumho Electric Incorporated 276
LCD Lighting, see Light Sources
LEDtronics Incorporated 277
LG Electronics Incorporated 279
Light Sources Incorporated 281
Lighting Science Group Corporation 283
Lights of America Incorporated 284
Magneti Marelli, see Fiat
MaxLite Incorporated 286
Meadville Lamp, see Trojan
National Cathode Corporation 288
Nichia Corporation 289
North American Lighting, see Koito Group
OSRAM Licht AG 291
Panasonic Corporation 297
Revstone Industries LLC 299
Royal Philips NV 301
Samsung Electronics Company Limited 306
Seoul Semiconductor Company Limited 308
Siemens AG 310
Stanley Electric Company Limited 311
SunLED Company Limited 313
TCP International Holdings Limited 314
Technical Consumer Products, see TCP International Holdings
3M Company 317
Toshiba Corporation 319
Toyoda Gosei Company Limited 323
Trojan Incorporated 325
Universal Lighting Technologies, see Panasonic
Ushio Incorporated 326
Varroc Group 329
Venture Lighting International, see Advanced Lighting Technologies
Voltarc Technologies, see Light Sources
Additional LED & High Efficiency Lighting Companies 331

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3

SECTION II -- MARKET ENVIRONMENT
1 Population & Households 9
2 Macroeconomic Indicators 13
3 Personal Consumption Expenditures 16
4 Construction Expenditures 19
5 Residential Building Construction Expenditures 21
6 New Housing Indicators 26
7 Housing Stock by Type 29
8 Residential Improvement & Repair Expenditures 32
9 Nonresidential Building Construction Expenditures 35
10 Nonresidential Building Stock 37
11 Nonresidential Building Improvement & Repair Expenditures 39
12 Nonbuilding Construction Expenditures 41
13 Highway Spending 43
14 Motor Vehicle Indicators 47
15 Manufacturers' Shipments 51
16 Selected High Efficiency Lighting Prices 53
17 Lighting Industry Demand 65
18 High Efficiency Lighting Foreign Trade 66

SECTION III -- TECHNOLOGY & CRITICAL COMPONENTS
1 Critical LED Component Demand 88
2 High Efficiency Ballast Demand 90

SECTION IV -- PRODUCTS
1 High Efficiency Lighting Supply & Demand 95
2 LED Demand by Type & Market 100
3 High Efficiency High Intensity Discharge Lamp Demand by Type & Market 107
4 Metal Halide Lamp Demand 110
5 Sodium Vapor Lamp Demand 114
6 High Efficiency Fluorescent Lighting Demand by Type & Market 118
7 Compact Fluorescent Lamp Demand by Type 124
8 High Output Fluorescent Lamp Demand 126
9 Energy-Efficiency Fluorescent Lamp Demand by Type 128
10 Other High Efficiency Lighting Demand by Market 130

SECTION V -- MARKETS
1 High Efficiency Lighting Demand by Market 137
2 Buildings Market for High Efficiency Lighting 139
3 Residential Buildings Market for High Efficiency Lighting 143
4 Nonresidential Buildings Market for High Efficiency Lighting 146
5 Office & Commercial Buildings Market for High Efficiency Lighting 148
6 Institutional Buildings Market for High Efficiency Lighting 150
7 Industrial Buildings Market for High Efficiency Lighting 152
8 Other Nonresidential Buildings Market for High Efficiency Lighting 154
9 Outdoor Lighting Market for High Efficiency Lighting 158
10 Consumer Product Market for High Efficiency Lighting 160
11 Motor Vehicle Market for High Efficiency Lighting 163
12 High Efficiency Motor Vehicle Lighting Demand by Sector 166
13 High Efficiency Motor Vehicle Lighting Demand by Vehicle Class 168
14 Other Markets for High Efficiency Lighting 170

SECTION VI -- REGIONS
1 Population by Region 175
2 Gross Domestic Product by Region 178
3 Construction Expenditures by Region 181
4 Regional Housing Indicators 184
5 High Efficiency Lighting Demand by Region 186
6 Northeast: High Efficiency Demand by Subregion & Market 188
7 Midwest: High Efficiency Lighting Demand by Subregion & Market 194
8 South: High Efficiency Lighting Demand by Subregion & Market 199
9 West: High Efficiency Lighting Demand by Subregion & Market 205

SECTION VII -- INDUSTRY STRUCTURE
1 US High Efficiency Lighting Sales by Company, 2012 212
2 Selected Acquisitions & Divestitures 235
3 Selected Cooperative Agreements 237

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 Year of Construction of Housing Stock, 2012 30
2 Selected High Efficiency Lighting Prices, 2002-2022 53

SECTION III -- TECHNOLOGY & CRITICAL COMPONENTS
1 Luminous Efficacy of Selected Light Sources 72
2 Light Quality of Selected Light Sources 74

SECTION IV -- PRODUCTS
1 High Efficiency Lighting Demand by Product, 2012 96

SECTION V -- MARKETS
1 High Efficiency Lighting Demand by Market, 2012 137

SECTION VI -- REGIONS
1 High Efficiency Lighting Demand by Region, 2012 186

SECTION VII -- INDUSTRY STRUCTURE
1 High Efficiency Lighting Market Share by Company, 2012 214

 

 

 

Date of Publication:
Dec 2, 2013
File Format:
PDF via E-mail
Number of Pages:
333 Pages
Type the characters you see in the picture above.