USA - Strategies Unlimited (www.strategies-u.com) projects unit growth of 30% in 2012 – 2016 for LED replacement lamps. The company says that the global market for LED replacement lamps will grow from $2.2 billion in 2011 to $3.7 billion in 2016. The company predicts that the revenue growth will be moderated by a forecast 14% per year decline in the average selling price.
On the supply side, Strategies Unlimited says that manufacturers will continue to benefit from the oversupply of LED sand governmental subsidies that aim to advance the adoption of LED lighting, Strategies Unlimited predicted. The company says that the LED replacement market units growth rate is expected to be the highest in China at 44% CAGR.
In 2011, the LED replacement A 19 bulbs were the highest selling product with Japan leading the number of units sold. Commercial applications in developed economies drove most of the sales of PAR LED lamps and LED MR 16. However, the company contends that this trend will be reversed as the construction sector recovers in developing countries.
According to Strategies Unlimited, the LED replacements for linear fluorescent lamps yielded the highest units sales numbers in China and Japan; between 2010 and 2011 the average selling price declined at 23%. The U.S. and European markets reportedly yielded fewer sales due to stricter requirements for product quality.