USA - ElectroniCast Consultants (www.electronicastconsultants.com) announced their 10-year market forecast of the worldwide consumption of packaged component-level light emitting diodes (LEDs), which are used in solid-state lighting (SSL) General Lighting applications. In 2012, the worldwide consumption volume (quantity) of packaged LEDs, in SSL General Lighting, is estimated to reach 4.6 billion units.
ElectroniCast forecasts that the global consumption value of component-level (packaged) LEDs in solid-state lighting (SSL) general lighting applications will increase at 37 percent per year (2011-2016). The consulting firm is forecasting faster overall growth in the second-half of the forecast period (2016-2021), with an overall annual average growth rate of 51 percent.
The use of packaged LEDs in residential, commercial and government exterior general lighting lamps (street, parking-lot, roadway-tunnels, bridges, landscaping, pool/fountain, buildings, architectural and other general lighting) applications, in 2011, represented nearly 90 percent share of worldwide consumption. However, ElectroniCast predicts that in the year 2021, the relative market share of component-level light emitting diodes (LEDs) use in exterior lamps is forecast to decrease significantly to 61 percent; however, increase in substantially in value.