U.S. outdoor LED market proves viable, says Strategies Unlimited

Aug. 22, 2011
The U.S. market has taken the lead in proving the viability of LED technology for outdoor lighting applications, according to findings published in Strategies Unlimited’s new report, LED Outdoor and Area Lighting: Market Analysis and Forecast.

Mountain View CA--The U.S. market has taken the lead in proving the viability of LED technology for outdoor lighting applications, according to findings published in Strategies Unlimited’s new report, LED Outdoor and Area Lighting: Market Analysis and Forecast.

Although China has more installations, it has become the first casualty of quality issues. The Chinese market for outdoor lighting shrank in 2011 in order to address these quality issues. Elsewhere, especially in North America, quality consciousness has kept progress towards transitioning to LEDs, thanks to the efforts of the Department of Energy (DOE), the Municipal Solid-State Street Lighting Consortium, and the Design Lights Consortium. The 20–25% drop in price of LED packages, which started in the fourth quarter of 2010, has proved to be a boon for quality luminaire manufacturers. The average price of outdoor luminaries will continue to decline in 2011 and the trend is likely to accelerate going into 2012. This decline in price will help post-pilot and post-stimulus programs.

While the CAGR for unit growth is forecast to grow 26% from 2010 to 2015, the CAGR for revenues will be only 11% as downward pressure on price continues. The revenues are expected to reach more than $544 billion in 2015. Considering that LEDs compete against other efficient technologies, the viability of LED applications in outdoor applications will be a test for LED technology.

LED Outdoor and Area Lighting: Market Analysis and Forecast is the latest in a series of reports published by Strategies Unlimited covering the HB-LED industry. Other reports published by Strategies Unlimited include HB-LEDs (August 2011), HB-LEDs in Lighting (March 2010), LED Lighting Fixtures (January 2011), and LED Driver ICs (June 2011).

For more information, please visit www.strategies-u.com.

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